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Gabelli Asset Management Inc. (NYSE: GBL) announced today that it has substantially
completed its previously announced stock buyback program by repurchasing approximately
$6,000,000 of its Class A Common Stock in open market transactions. Through February 15,
2000 the Company has repurchased 384,900 shares at an average cost of $15.56 per share.
Gabelli Asset Management further announced that its Board of Directors authorized the
repurchase of up to an additional $3,000,000 of its Class A Common Stock in the open market
at such times, prices and amounts to be determined by the Company.
Gabelli Asset Management through its subsidiaries manages $22 billion in assets in mutual
funds, closed-end funds, partnership and private investment advisory accounts. |