Advanced Medical Optics shareholders Gabelli, Gamco continue buying shares

By Angela McDaniels

Tacoma, Wash., Jan. 28 - Advanced Medical Optics, Inc. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. purchased a net 910,477 shares of the company's stock through a series of buy and sell transactions between Jan. 12 and Jan. 27.

The shares were priced from $21.4971 to $21.81 each, according to a schedule 13D/A filing with the Securities and Exchange Commission.

The investors beneficially own 10,099,645 shares, or 16.36%, of the company's stock.

On Jan. 13, the investors reported a 15.06% stake after purchasing a net 2,619,019 shares for $3.9626 to $21.7589 each.

On Jan. 12, Abbott Laboratories announced it would acquire Advanced Medical Optics for $22.00 per share in a transaction valued at $2.8 billion, including net debt.

Advanced Medical Optics is a Santa Ana, Calif.-based ophthalmic surgical device and eye-care products company.

Abbott Laboratories is a biopharmaceutical company located in Abbott Park, Ill.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.