Gamco ups stake in Maine & Maritimes to 12.07%

By Lisa Kerner

Charlotte, N.C., Sept. 23 - Investors led by Gamco Asset Management Inc. increased their ownership interest in Maine & Maritimes Corp. to 12.07% from 10.92% with the purchase of 19,200 additional shares of the company's stock.

It was reported in a schedule 13D filed with the Securities and Exchange Commission that the shares were acquired between Sept. 5 and Sept. 22 at prices from $35.82 to $40.15 each.

The investors beneficially own 202,500 shares of the Presque Isle, Maine-based company.

Maine & Maritimes provides electric transmission and distribution services in northern Maine.

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