Gabelli, Gamco continue to invest in CSK Auto

By Lisa Kerner

Charlotte, N.C., April 4 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. bought 457,700 additional shares of CSK Auto Corp.'s stock, increasing their ownership in the company to 6.71%, from 5.67% on Feb. 19.

The shares were acquired between Feb. 20 and April 2 priced from $9.08 to $11.67 per share, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 2,954,200 shares of the Phoenix-based auto parts retailer's outstanding stock.

On April 1, CSK Auto announced it agreed to be acquired by Springfield, Mo., auto parts retailer O'Reilly Automotive, Inc. in an exchange offer valued at $1 billion, including approximately $500 million of debt.

The deal gives CSK shareholders $11.00 of O'Reilly common stock, subject to a collar, plus $1.00 in cash for each share of CSK common stock, it was previously reported.

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