Axsys Technologies investor Gamco increases ownership to 7.67%

By Lisa Kerner

Charlotte, N.C., July 28 - A group of Axsys Technologies, Inc. shareholders led by Gamco Asset Management Inc. bought an additional 134,869 shares of the company's stock, raising their stake to 7.67%.

The shares were acquired between July 9 and July 27 at prices from $53.48 to $53.76 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Tuesday.

Between June 4 and July 8, Gamco bought 748,799 shares for a 6.45% ownership interest, a prior SEC filing said.

Gamco beneficially owns 890,910 shares of Axsys' outstanding stock.

On June 4, General Dynamics Advanced Information Systems, a business unit of General Dynamics Corp., announced it agreed to acquire Axsys for $54.00 per share in a transaction valued at $643 million.

Based in Rocky Hill, Conn., Axsys develops high-performance surveillance cameras, imaging systems and related motion-control technologies for the aerospace, defense and high-performance commercial markets.

General Dynamics Advanced Information Systems makes and operates mission systems for defense, space, intelligence, surveillance, reconnaissance, homeland security and homeland defense customers. The company is located in Fairfax, Va.

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