Gabelli cuts stake in Gaylord Entertainment

By Lisa Kerner

Charlotte, N.C., Aug. 18 - Investors led by Gabelli Funds, LLC sold 46,700 shares of Gaylord Entertainment Co. between June 18 and Aug. 15.

The shares were priced from $21.06 to $34.30 each, according to a schedule 13D filed with the Securities and Exchange Commission.

Gabelli reported beneficial ownership of 3,981,383 shares, or 9.75%, of the Nashville entertainment company.

Gaylord's board of directors adopted a shareholder rights plan to prevent an unwanted takeover of the company by 14.1% shareholder TRT Holdings, Inc., it was previously reported.

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