Axsys Technologies investor Gamco buys 6.45% stake ahead of merger

By Lisa Kerner

Charlotte, N.C., July 9 - A group of Axsys Technologies, Inc. shareholders led by Gamco Asset Management Inc. bought 748,799 shares of the company's stock for a 6.45% stake.

The shares were acquired between June 4 and July 8 priced from $52.99 to $53.66 each, according to a schedule 13D/A filed on Thursday with the Securities and Exchange Commission.

On June 4, General Dynamics Advanced Information Systems, a business unit of General Dynamics Corp., announced it agreed to acquire Axsys for $54.00 per share in a transaction valued at $643 million.

Based in Rocky Hill, Conn., Axsys develops high-performance surveillance cameras, imaging systems and related motion-control technologies for the aerospace, defense and high-performance commercial markets.

General Dynamics Advanced Information Systems makes and operates mission systems for defense, space, intelligence, surveillance, reconnaissance, homeland security and homeland defense customers. The company is located in Fairfax, Va.

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