Maine & Maritimes investor Gamco buys 11,700 shares for 16.11% stake

By Lisa Kerner

Charlotte, N.C., Aug. 21 - Maine & Maritimes Corp. investors led by Gamco Asset Management Inc. reported the purchase of 11,700 shares of the company's common stock in a schedule 13D/A filed on Friday with the Securities and Exchange Commission.

The shares were acquired between June 23 and August 20 at prices from $33.94 to $36.00 each.

Gamco and its affiliates beneficially own 270,800 shares, or 16.11%, of the Presque Isle, Maine-based company, the filing said.

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

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