I-Flow investors led by Gamco up stake ahead of Kimberly-Clark deal

By Lisa Kerner

Charlotte, N.C., Oct. 22 - A group of investors led by Gamco Asset Management Inc. and Gabelli Funds, LLC bought a net 1,840,264 shares of I-Flow Corp. between Aug. 24 and Oct. 21 at prices from $8.28 to $12.72 each, according to a schedule 13D filed on Thursday with the Securities and Exchange Commission.

The investors beneficially own 2,006,764 shares, or 8.21%, of I-Flow's outstanding stock.

On Oct. 9, Kimberly-Clark Corp. announced it will acquire I-Flow for $12.65 per share in a transaction valued, net of acquired cash and cash equivalents, at about $276 million.

Dallas-based Kimberly-Clark is a consumer products manufacturing company.

I-Flow is a biotechnology company based in Lake Forest, Calif., that develops drug-delivery systems.

© 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.