Axsys investor Gamco buys 147,603 shares, boosts stake to 10.29%

By Lisa Kerner

Charlotte, N.C., Aug. 18 - A group of Axsys Technologies, Inc. shareholders led by Gamco Asset Management Inc. bought an additional 147,603 shares of the company's stock, raising their ownership interest to 10.29% from 9.02%.

The shares were acquired between Aug. 11 and Aug. 17 at prices from $53.82 to $53.90 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Tuesday.

Between July 28 and Aug. 10, Gamco bought 134,869 shares, a prior SEC filing said.

Gamco beneficially owns 1,196,457 shares of Axsys' outstanding stock.

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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