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Gabelli increases stake in MacDermid to 14.53% with purchase of additional shares
By Lisa Kerner
Charlotte, N.C., April 3 - MacDermid, Inc. investor Mario J. Gabelli and his affiliated entities, including Gabelli Funds, LLC and Gamco Asset Management Inc., purchased 447,900 shares of the company's stock between March 7 and April 2 priced from $34.31 to $34.85 per share, according to a schedule 13D filing with the Securities and Exchange Commission.
The investors beneficially own 4,488,250 shares, or 14.53%, of the Denver-based specialty chemical company's outstanding shares.
On March 2, the reporting persons owned 4,101,350 shares, or 13.2%, of MacDermid's stock, after purchasing 318,300 shares between Feb. 20 and Feb. 28 priced from $34.57 to $34.74 per share, a schedule 13D SEC filing stated.
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