Entwistle Co a Hudson Mass.-based defense contractor said it raised its stake in Bird Inc to the equivalent of 572100 shares or 13.9 pct of the total outstanding common stock from 470100 shares or 11.4 pct. Entwistle a privately held company said it bought 102000 Bird common shares on April 1 at 9.625 dlrs a share. It said it may buy up to 24 pct of the total outstanding for investment purposes. Entwistle also said it has met with Bird representatives on its request for board representation but the talks were inconclusive. Its stake includes 562000 common shares with the rest in convertible preferred stock.
DEFENSE CONTRACTOR BOOSTS BIRD <BIRD> STAKE