Saturday, January 21, 2017

Glass Lewis & Co founder takes stake in suffering SeaWorld



A consortium of buyers, which includes advisory firm Glass Lewis & Co founder Gregory Taxin, discovered a 5.2 percent stake in SeaWorld leisure Inc (SEAS.N) and said it'd have interaction in talks with the embattled theme park operator's control.
The stake might make the consortium the 1/3 biggest shareholder in SeaWorld, in keeping with Thomson Reuters records.
SeaWorld, which operates marine parks in San Diego, Orlando and San Antonio, confronted criticism after the discharge of the 2013 documentary "Blackfish," which depicted the captivity and public exhibition of killer whales as inherently merciless.
The organization stated in March this yr it'd forestall breeding killer whales in captivity and earlier this month said it would droop destiny dividend bills.
Gregory Taxin, who owns Luma Asset control, found out the stake as of Sept. 20 together with Bahamas-based totally Ivory Cove Ltd in a regulatory submitting. (bit.ly/2dratDx)
The filing became uncertain on the nature of the talks.
stocks of SeaWorld, which have misplaced approximately a third in their fee this 12 months amid falling attendances at its parks, were up approximately 1 percent after the bell.

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