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SPSS investor Gamco boosts stake to 7.46% ahead of merger with IBM
By Lisa Kerner
Charlotte, N.C., Sept. 17 - A group of investors led by Gamco Asset Management Inc. bought 255,300 shares of SPSS Inc. between Sept. 8 and Sept. 16 priced from $49.85 to $49.96 each, according to a schedule 13D filed with the Securities and Exchange Commission on Thursday.
Between July 28 and Aug. 20, Gamco bought 935,106 shares for an initial 5.07% stake, a prior SEC filing said.
Gamco beneficially owns 1,376,026 shares, or 7.46%, of SPSS' outstanding stock.
In July, International Business Machines Corp. announced it agreed to acquire SPSS, a Chicago-based company that provides predictive analytics technology and services, for $50.00 per share in an all-cash transaction valued at about $1.2 billion.
IBM, based in Armonk, N.Y., develops computer systems, software, storage systems and microelectronics.
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