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US: Tyson family sheds shares

Econ101

Well-known member
US: Tyson family sheds shares

22 June 2006| Source: just-food.com



The Tyson Limited Partnership, owned by the Tyson family, has sold yet more of its shares in Tyson Foods, a filing with the US Securities and Exchange Commission revealed yesterday (21 June).



According to the filing, the Tyson family has sold 404,300 shares valued at US$5.88m. This comes on the back of the release of 7m shares announced earlier this month in order to diversify the Tyson Limited Partnership’s holdings.



The Tyson family still holds 80m shares in Tyson Foods.



just-food.com



Tyson Continues To Sell Stock



By The Morning News

June 22, 2006

Arkansas, US



It's almost a daily occurrence: Don Tyson, son of Tyson Foods Inc. founder and former CEO, president and chairman of the company, continues to sell company stock from the Tyson family holdings.



A June 20 federal filing with the federal Securities and Exchange Commission notes stock sales involving 404,300 shares valued at $5.88 million from the Tyson Limited Partnership portfolio. Don Tyson acts as general partner for the entity and holds a 54 percent interest in the group's holdings, which still controls 80 million shares of Class B stock, convertible to Class A on a one-for-one basis.



Don Tyson has grossed $58.86 million dollars in proceeds since the selloff first began May 23. A statement issued at that time by Tyson claimed the partnership would seek to sell shares in an effort to diversify its holdings. The partnership has sold more than 5.61 million shares worth $107.23 million between May 23 and June 20.



nwaonline.net
 

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