Friday, December 5, 2008

PETA Buying More Meat Shares

By Janie Gabbett on Meatingplace 12/5/2008

As shares of publicly traded meat companies slide with the rest of the market, People for the Ethical Treatment of Animals has had to buy more shares to ensure its ability to continue its shareholder resolution campaign.

PETA has long purchased tiny holdings in major meat processors in order to gain access to shareholder meetings and offer shareholder resolutions to generate publicity and further the organization's goals.

Among the companies PETA has recently increased its stake in are: Pilgrim's Pride, Tyson Foods, Sonic Corporation, O'Charley's Inc., Domino's Pizza, Inc., California Pizza Kitchen and Ingles Markets.

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