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Thursday, July 18, 2002

Gabelli Ups Buyback

by: Sean Hanna, Editor in Chief

Gabelli Asset Management is upping its stock buyback program. The Rye, New York-based fund firm said that it is coming close to hitting the maximum $10 million of shares it can purchase through its existing buyback program.

In response, the fund manager's board today authorized the repurchase of an additional $5 million of its Class A common stock in the open market. 

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