BlackRock funds raise stake in Tyson Foods

Investment funds controlled by BlackRock Inc. have increased their stake in Tyson Foods from 19.7 million Class A common shares to 39.9 million shares,

the

Wall Street Journal

reported.

BlackRock is the second-largest shareholder in the company, the article said. Until his death on Jan. 6, Don Tyson was the largest shareholder. He owned nearly all of the Class B super-voting stock, according to the report.

Control of Mr. Tyson’s voting shares is passing to a small group of Tyson relatives, retired Tyson Foods executives, and some of his friends.

(Source:

Wall Street Journal,

Jan. 11, 2011.)