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Published on 11/21/2008 in the Prospect News Special Situations Daily.

Gamco continues to invest in Omnova Solutions, stake now 12.82%

By Lisa Kerner

Charlotte, N.C., Nov. 21 - A group of Omnova Solutions Inc. investors led by Gamco Asset Management Inc. increased their ownership interest to 12.82% with the purchase of 388,100 shares of the company's stock between Nov. 3 and Nov. 20.

According to a schedule 13D/A filed with the Securities and Exchange Commission, the shares were priced from $0.8474 to $1.44 each.

Previously the investors acquired 685,739 shares of the company's stock through a series of buy and sell transactions between Sept. 3 and Oct. 3. The shares were priced from $0.55 to $2.79 each, a prior SEC filing said.

Gamco beneficially owns approximately 5.57 million shares of the company's outstanding stock.

Omnova is a Fairlawn, Ohio, provider of emulsion polymers and specialty chemicals.


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