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Gamco buys 1.2 million shares of PNM Resources
By Lisa Kerner
Charlotte, N.C., Oct. 20 - A group of PNM Resources, Inc. investors led by Gamco Asset Management Inc. bought 1,202,606 shares of the company's stock between Aug. 20 and Oct. 17.
The shares were priced from $7.9835 to $12.0433 each, it was reported in a schedule 13D filed with the Securities and Exchange Commission.
Gamco and its affiliates beneficially own 4,450,500 shares, or 5.15%, of the Albuquerque-based energy company.
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