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Gabelli-led investors report 5.15% stake in Magnetek
By Lisa Kerner
Charlotte, N.C., Dec. 26 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. bought 377,820 shares of Magnetek, Inc. stock between Oct. 17 and Dec. 20.
The shares were priced between $3.99 and $5.11 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The reporting persons beneficially own 1,556,446 shares, or 5.15%, of the Menomonee Falls, Wis., company.
Magnetek manufactures and sells digital power control systems used to control motion and power in material handling, people moving, telecommunications and energy delivery applications.
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