Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for LIN TV Corp. > News item |
Gamco-led investors continue to build stake in LIN TV Corp.
By Lisa Kerner
Charlotte, N.C., Nov. 20 - LIN TV Corp. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. purchased 314,000 shares of the company's stock between Oct. 2 and Nov. 19 priced from $10.21 to $14.70 each, according to a schedule 13D filed with the Securities and Exchange Commission.
The reporting persons beneficially own 6,458,867 shares, or 23.65%, of the Providence, R.I., television station company's outstanding stock.
On Oct. 2 the investors reported a 22.57% stake in the company, up from 21.46% on Sept. 6.
On May 18, LIN TV announced it will explore strategic alternatives, including a possible sale of the company, with the assistance of J.P. Morgan Securities Inc.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.