Gamco, Gabelli continue to invest in Pennichuck

By Lisa Kerner

Charlotte, N.C., Feb. 12 - Pennichuck Corp. investors led by Gamco Asset Management Inc. and Gabelli Funds, LLC bought 16,380 shares between Dec. 23 and Feb. 11 at prices from $17.19 to $20.25, according to a schedule 13D/A filed with the Securities and Exchange Commission.

The investors beneficially own 494,662 shares, or 11.64%, of the Merrimack, N.H., potable water company's outstanding stock.

In November, Gamco announced it planned to nominate Clarence A. Davis, Mark M. Feldman and Michael I. German for election to the company's board of directors at Pennichuck's 2009 annual meeting.

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