Advanced Medical Optics shareholder Gamco reports 15.06% stake ahead of proposed merger with Abbott

By Lisa Kerner

Charlotte, N.C., Jan. 13 - Advanced Medical Optics, Inc. investors led by Gamco Asset Management Inc. raised their ownership interest in the company to 15.06% through a series of buy and sell transactions between Nov. 14 and Jan. 12, according to a schedule 13D/A filing with the Securities and Exchange Commission.

The investors purchased a net 2,619,019 company shares at prices ranging from $3.9626 to $21.7589, the filing said.

Gamco and its affiliates beneficially own 9,243,273 shares of the Santa Ana, Calif.-based ophthalmic surgical device and eye-care products company.

On Jan. 12, Abbott Laboratories announced it would acquire Advanced Medical Optics for $22.00 per share in a transaction valued at $2.8 billion, including net debt.

Abbott is a biopharmaceutical company located in Abbott Park, Ill.

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