Just days before the SHAC global week of action kicked off and two weeks after Huntingdon Life Sciences' vivisection laboratories were exposed for the seventh time in ten years, revealing shocking undercover footage, HLS shareholders have sold 15% of the company (ticker symbol LSR). As a result the percentage of LSR stock held by institutions fell further from 20.1% to 17.7%, leaving them below the minimum listing standards of the New York Stock Exchange, a major target in the campaign to close down HLS.
Wells Fargo, who were one of LSR's top five institutional investors has sold all their 147,511 shares and the Bank of New York Mellon, previously third largest investor, sold most of their LSR stock dumping 149,157 shares. BNY Mellon now only have 26,634 remaining of the original 175,791 shares, with Turner Investment Partners Inc also selling their 56,880 stock.
The announcement was made the day before Animal Liberation Front (ALF) activists reported they had slashed car tryes at the home of BNY's Business Analyst in Hampshire, whilst other covert cells targeted HLS associates in solidarity with political prisoners, including the UK SHAC 7. Protests also took place at BNY and Wells Fargo's offices and executive's homes, as part of a three-month campaign based primarily in London [ 1 | 2 | 3 | 4 | 5 ] (England) and New York City (USA) [ 1 | 2 ].
HLS have been suffering from a serious lack of investment since December 2007, with over a dozen corporations selling all their shares in LSR. Their share price as of February 25th is $5.78, the lowest since their high of nearly $40 in September 2008. With an unstable share price, activists continue to increase the pressure against HLS shareholders, particularly largest investor Barclays.
Just days before the SHAC global week of action kicked off and two weeks after Huntingdon Life Sciences' vivisection laboratories were exposed for the seventh time in ten years, revealing shocking undercover footage, HLS shareholders have sold 15% of the company (ticker symbol LSR). As a result the percentage of LSR stock held by institutions fell further from 20.1% to 17.7%, leaving them below the minimum listing standards of the New York Stock Exchange, a major target in the campaign to close down HLS.
Wells Fargo, who were one of LSR's top five institutional investors has sold all their 147,511 shares and the Bank of New York Mellon, previously third largest investor, sold most of their LSR stock dumping 149,157 shares. BNY Mellon now only have 26,634 remaining of the original 175,791 shares, with Turner Investment Partners Inc also selling their 56,880 stock.
The announcement was made the day before Animal Liberation Front (ALF) activists reported they had slashed car tryes at the home of BNY's Business Analyst in Hampshire, whilst other covert cells targeted HLS associates in solidarity with political prisoners, including the UK SHAC 7. Protests also took place at BNY and Wells Fargo's offices and executive's homes, as part of a three-month campaign based primarily in London ( 1 | 2 | 3 | 4 | 5 ) (England) and New York City (USA) ( 1 | 2 ).
HLS have been suffering from a serious lack of investment since December 2007, with over a dozen corporations selling all their shares in LSR. Their share price as of February 25th is $5.78, the lowest since their high of nearly $40 in September 2008. With an unstable share price, activists continue to increase the pressure against HLS shareholders, particularly largest investor Barclays.
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Demos continue against BNY in NYC
25.02.2009 22:59
Demo #1: Robert Kelly, Chairman and CEO of Bank of New York Mellon
WAR once again stopped by the home of Robert Kelly, Chairman and CEO of the Bank of New York Mellon. While BONY is no longer one of Huntingdon Life Sciences' top 5 institutional investors, they still hold 26,634 shares. Pressure will continue until they sell all of their shares. This campaign also has a good memory and recalls the fact that BONY was a target in the early years of the campaign. In 2001, Pirates for Animal Liberation sunk the yacht of a BONY executive. Seems like they haven’t learned a thing!
For details see:
smash hls
Huntingdon's Share Price
26.02.2009 10:13
Support SHAC
credit crunch
26.02.2009 17:41
jimbob
RE: jimbob
26.02.2009 21:07
Shactivist
Flashmob?
28.02.2009 08:26
Masser
Audio of news article
03.03.2009 15:21
Download: HLS below NYSE minimum after Wells Fargo, BNY dump shares - mp3 2.1M
Let's see if the NYSE will respond by enforcing their own regulations...
(transcript)
Huntingdon Life Sciences is a contract animal testing laboratory. Seven undercover investigations have caught workers there punching beagle puppies in the face, dissecting live monkeys without painkillerrs, and worse.
Stockholders in Huntingdon "Life"Sciences have divested themselves of an estimated 15% of all shares in response to an overwhelming campaign of protest and direct action.
As a result, the percentage of LSR stock held by institutions fell from 20.1% to 17.7%, leaving them below the minimum listing standards of the New York Stock Exchange, a major target in the campaign to close down HLS.
Wells Fargo, who were one of LSR's top five institutional investors has sold all their 147,511 shares and the Bank of New York Mellon, previously third largest investor, sold most of their LSR stock dumping 149,157 shares. BNY-Mellon now has only 26,634 remaining of the original 175,791 shares, with Turner Investment Partners Inc also selling their 56,880 stock.
This announcement came one day before activsts began a week of protests and direct action striking at Huntingdon Life Sciences investors and customers.
HLS have been suffering from a serious lack of investment since December 2007, with over a dozen corporations selling all their shares in LSR. Their share price as of February 25th is $5.78, the lowest since their high of nearly $40 in September 2008. With an unstable share price, activists continue to increase the pressure against HLS shareholders, particularly largest investor Barclays.
here's how...
(Next item on playlist: repeat coverage of Valentine's Day HLS home demos)
WSQT Direct Action Radio 88.1 FM
Homepage:
http://dc.indymedia.org
incorrect conclusion
20.03.2009 00:54
I think this article is assuming that people are selling shares for ethical reasons rather than market forces which looks like an incorrect conclusion
a