Gabelli, Gamco up stake in Midland

By Lisa Kerner

Charlotte, N.C., Dec. 7 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. bought 152,100 shares of the Midland Co.'s stock, increasing their stake in the company to 5.1%.

The shares were purchased between Oct. 10 and Dec. 3, priced from $63.30 to $64.00 each, according to a schedule 13D filing with the Securities and Exchange Commission.

Gabelli, Gamco and the reporting persons own 988,600 shares of the Cincinnati-based specialty insurance products company.

On Oct. 17, Midland announced it had agreed to be acquired by Munich Re for $65.00 cash per share.

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