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Sea World to say no to retiring killer whales

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Sea World is saying no to retiring it's famed killer whales.

According to the Orlando Sentinel on Feb.3, Sea World Entertainment Inc. plans to block its shareholders from voting on a measure that will urge the company to create "coastal sanctuaries" and use them as sort of a retirement home for the captive killer whales.

The People for the Ethical Treatment of Animals proposed the idea at Sea Worlds first annual shareholders meeting. Shareholders will be asked at the meeting to elect a board of directors and to vote on other businesses related to the company.

Sea World wrote a letter to the U.S. Securities and Exchanges Commission in which it said:

"Because the proponent [PETA] had not -- and could not have -- held shares in the company for at least one year prior to the date on which it submitted the proposal, it is ineligible to submit a stockholder proposal at this time."

PETA fired back at the letter, saying that all shareholders should have the opportunity to improve the company's reputation.

Stay tuned.

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