Gabelli, Gamco up stake in CSK Auto to 10.56%

By Lisa Kerner

Charlotte, N.C., June 5 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. bought 473,031 additional shares of CSK Auto Corp.'s stock, increasing their ownership in the company to 10.56%, from 9.49% on May 11.

The shares were acquired between May 12 and June 4 priced from $11.27 to $11.91 per share, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 4,650,800 shares of the Phoenix-based auto parts retailer's outstanding stock.

According to a prior SEC filing, Gabelli and Gamco bought 502,669 shares of CSK Auto between April 30 and May 9 priced from $11.82 to $12.14 per share.

On April 1, CSK Auto announced it agreed to be acquired by Springfield, Mo., auto parts retailer O'Reilly Automotive, Inc. in an exchange offer valued at $1 billion, including approximately $500 million of debt.

The deal gives CSK Auto shareholders $11.00 of O'Reilly common stock, subject to a collar, plus $1.00 in cash for each share of CSK Auto common stock, it was previously reported.

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