Mario Gabelli, GAMCO’s Activist Moves In Superior Industries International Inc. (SUP), Griffin Land & Nurseries, Inc. (GRIF) & Telephone & Data Systems, Inc. (TDS)

Mario Gabelli‘s GAMCO Investors has filed several amended forms with the Securities and Exchange Commission, in which they disclosed information regarding their negotiations with the management of Superior Industries International Inc. (NYSE:SUP), Griffin Land & Nurseries, Inc. (NASDAQ:GRIF), and Telephone & Data Systems, Inc. (NYSE:TDS).

Mario Gabelli

In the first filing, GAMCO disclosed a letter sent to Mr. Kerry A. Shiba, CFO of Superior Industries International Inc. (NYSE:SUP). GAMCO, which holds around 2.3 million shares of the company, equal to 8.5% of the common stock, requested that the board should include in the next year meeting of the company’s shareholders the proposal to vote the authorization of a “Dutch Auction” tender offer. Earlier in November, the fund sent another letter to the company stating that the board should consider initiating a share buyback program.

In the second letter, sent to the board of  Griffin Land & Nurseries, Inc. (NASDAQ:GRIF), GAMCO insisted that the shareholders should vote on the next meeting regarding the attribution of the REIT or MLP status to Griffin. The fund has discussed the same issue in a previous letter sent in November. GAMCO and Gabelli hold in aggregate around 1.7 million shares of Griffin, which represent 32.91% of the Griffin Land & Nurseries, Inc. (NASDAQ:GRIF)’ common stock. GAMCO alone owns around 1.0 million shares, equal to 20.23% of the stock.

The fund has also stated, in a letter sent to Telephone & Data Systems, Inc. (NYSE:TDS) that it is considering proposing one, or several candidates to be nominated for the company’s board. GAMCO also slightly reduced its holding in the company, according to the filing, currently owning around 4.8 million shares. In the latest 13F, the fund disclosed ownership of almost 5.0 million shares. The stake held by GAMCO amasses 4.74% of the common stock. All the funds controlled by Mr. Gabelli, in aggregate, hold 8.3 million shares of the company, the position amassing 8.21% of the company’s common stock.

Disclosure: none

Recommended Reading:

Pzena Investment Management Trims Exposure to Harte-Hanks, Inc. (HHS)

Latest Hedge Fund Moves: Carl Icahn, Ken Griffin, Steven Cohen and Others

Ken Griffin, Citadel Also Disclose Boosting Their Holding in Taylor Morrison Home Corp (TMHC)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!