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Gamco, Gabelli buy more shares of Katy
By Lisa Kerner
Charlotte, N.C., Dec. 31 - Investors led by Gamco Investors, Inc. and Gabelli Funds, LLC bought 84,790 additional shares of Katy Industries, Inc., upping their stake in the company to 23.25% from 22.01%.
The shares were purchased between Nov. 1 and Dec. 27 and were priced from $1.11 to $1.95 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The reporting persons beneficially own 1,848,573 shares of the company's outstanding stock.
Middlebury, Conn.-based Katy is a diversified manufacturing company that makes maintenance and electrical products.
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