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Gabelli, Gamco buy more shares of Sonesta
By Lisa Kerner
Charlotte, N.C., March 26 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. increased their ownership interest in Sonesta International Hotels Corp. to 8.07% from 5.41% with the purchase of 61,400 shares of the company's stock on March 20 and March 24 priced from $21.80 to $24.86.
The transactions were reported in a schedule 13D filed with the Securities and Exchange Commission.
The investors beneficially own 298,600 shares of the Boston hotel company's stock.
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