SPSS investor Gamco boosts stake to 8.55% ahead of merger with IBM

By Lisa Kerner

Charlotte, N.C., Sept. 25 - A group of investors led by Gamco Asset Management Inc. increased their ownership in SPSS Inc. to 8.55% from 7.46% with the purchase of 198,423 shares between Sept. 17 and Sept. 24 priced from $49.90 to $49.94 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Friday.

Between Sept. 8 and Sept. 16, Gamco bought 255,300 shares, a prior SEC filing said.

Gamco beneficially owns 1,576,449 shares of SPSS' outstanding stock.

In July, International Business Machines Corp. announced it agreed to acquire SPSS, a Chicago-based company that provides predictive analytics technology and services, for $50.00 per share in an all-cash transaction valued at about $1.2 billion.

IBM, based in Armonk, N.Y., develops computer systems, software, storage systems and microelectronics.

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