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PETA buys shares of SeaWorld stock

The Associated Press
Published:   |   Updated: April 23, 2013 at 03:06 PM

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PETA has purchased newly issued shares of SeaWorld Entertainment Inc., the theme park company that often has been the target of the animal rights group's protests.

PETA spokesman David Perle said Tuesday his group purchased 80 shares for more than $2,200 during last week's initial public offering of SeaWorld stock.

Officials with People for the Ethical Treatment of Animals officials said the purchase will allow them to attend shareholder meetings and introduce resolutions.

The animal rights group has said it wants SeaWorld to stop breeding and buying new animals for its parks in Orlando, San Diego and San Antonio. It also wants SeaWorld to release its whales and dolphins.

SeaWorld spokesman Fred Jacobs said the company anticipated PETA's purchase.

He said SeaWorld will try to do for PETA what it does for any other shareholder - create investor value.

SeaWorld had an initial public offering of 26 million shares at $27 on April 19, its first day of trading on the New York Stock Exchange. The price jumped $6.52, or 24 percent, to close at $33.52 after the company and its backers raised $702 million.

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