Gabelli, Gamco investors sell shares of Fairchild

By Lisa Kerner

Charlotte, N.C., Dec. 28 - Fairchild Corp. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. reduced their ownership of the company to 18.74% from 19.95% with the sale of 192,340 shares of Fairchild stock.

The shares were sold between Oct. 29 and Dec. 26 priced from $2.23 to $2.99 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons beneficially own 4,236,092 shares of Fairchild's stock.

Fairchild is a Dulles, Va.-based manufacturer and supplier of precision fastening systems.

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