Gabelli’s GAMCO pushes shareholder activist agendas at Three Companies

November 9th, 2009
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Contributed by: Hedge Fund Solutions LLC
Diversified asset manager and financial services firm GAMCO was very active last month. According to a recent Catalyst Investment Research report, Mario J. Gabelli’s firm declared its intentions to gain board representation in the upcoming shareholder meetings of mobile homes company Coachmen Industries (COHM.PK), communications company Media Entertainment Group (NYSE:MEG), and plastic and rubber manufacturer Myers Industries (NYSE: MYE).

GAMCO sent a letter to Coachmen “expressing surprise and shock at the terms of the Company’s recent financing agreement” and announced their intention to run for representation on the board. With regards to the latter two companies, GAMCO sent a letter announcing their intention to place three individuals on MEG’s board and four individuals at MYE’s board.
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For Detailed Investor Profiles on these Investors, click below:
GAMCO Asset Management
Related People: Howard F. Ward; Mario J. Gabelli
Related Entities: Gabelli & Company, Inc.; Gabelli Asset Management*; Gabelli Growth Fund; Gabelli Small Cap Growth Fund; Gabelli Value Fund
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Hedge Fund Resources and Featured Partner News

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