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Last Updated: Thursday, 8 September 2005, 10:06 GMT 11:06 UK
Animal lab firm's US debut halted
New York Stock Exchange
Huntingdon bosses were reportedly taken aside by the NYSE's president
Animal testing group Huntingdon Life Sciences had its planned New York Stock Exchange (NYSE) listing pulled just 45 minutes before it was due to go ahead.

Executives from the UK research group were taken aside by the exchange's boss and told the listing had been halted.

The NYSE is reported to have received calls warning that the exchange could be threatened by animal rights activists opposed to the firm's debut.

Huntingdon quit the London Stock Exchange in 2001 after fierce protests.

Investor shock

The company moved its headquarters to the US after a sustained - and often violent - campaign by animal rights protesters in Britain.

Shares in Life Sciences Research, the US parent company set up by Huntingdon, had been due to start trading on Wednesday.

Huntingdon chief executive Brian Cass
Huntingdon's boss said he was puzzled by the NYSE's decision

According to reports, Huntingdon chief executive Brian Cass was taken aside by NYSE President Catherine Kinney on the trading room floor and told that the listing had been halted.

"Obviously we were greatly disappointed," Mr Cass told the BBC.

"There have been threats from various aspects of the animal rights movement both in the UK and the United States, but whether that is the issue or not, it is something the exchange must answer."

Investors in New York also expressed surprise that the US exchange had apparently caved-in to pressure from protesters, although one activist group described the move as "another slap in the face" for Huntingdon.

Shareholders targeted

A spokesman for Huntingdon said the company's day-to-day operations would not be affected by the sudden pulling of its New York listing.

"It's not the first time we've been at the centre of a storm," he said.

Activists have protested against a number of companies involved in animal testing in recent years, targeting shareholders and businesses connected with laboratories.

The UK-based Stop Huntingdon Animal Cruelty campaign focused its efforts on Huntingdon's suppliers, many of which eventually severed their ties with the company because they feared getting bad publicity.

The government has since said it plans to clamp down on animal rights activists intimidating company employees, shareholders and suppliers.

Despite the decision by the NYSE, trading in Life Sciences Research continued on the US Nasdaq index's electronic over-the-counter market.





SEE ALSO:
Jailed activist attacked vehicles
25 Feb 05 |  Cambridgeshire
Activists protest at animal lab
11 Oct 03 |  Cambridgeshire
Debate on future of animal lab
07 Oct 03 |  Cambridgeshire
Government insures lab firm
18 Dec 02 |  Business


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