As part of the seven sell contracts with Merrill Lynch, Pirece, Fenner & Smith and JPMorgan, the Tyson Limited Partnership will release 7m shares in Tyson Food from the Tyson family’s holdings.
In a filing with the US Securities and Exchange it was revealed that JPMorgan will receive 1m shares on 25 July, Merrill Lynch will receive 2m shares on 22 August and a further 4m on 20 February 2007.
The Tyson Limited Partnership owns 93.8m shares of Class B common stock, all convertible to one share of Class A stock.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
The SEC filing stated that the Tyson Limited Partnership expects to sell more shares in Tyson Foods as part of a continued plan to diversify the holdings. No further details were provided.