Gabelli, Gamco buy more shares of Fairchild

By Lisa Kerner

Charlotte, N.C., Feb. 7 - Fairchild Corp. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. increased their ownership interest in the company to 19.75% from 18.74% with the purchase of 229,000 shares of Fairchild stock.

The shares were acquired between Dec. 26 and Feb. 4 priced from $2.44 to $2.90 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 4,464,992 shares of Fairchild's stock.

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

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