- Believing the sum is greater than the whole, Gamco (NYSE:GBL +0.4%) after the close on Friday announced its intention to pursue a split into two publicly-traded companies.
- Chairman and CEO Mario Gabelli will continue to lead Gamco - the traditional asset management business - as well as having an active executive role in the newly created entity.
- Expect a formal registration filing soon.
- The stock gained 3% on Friday.
- Source: Press release
Gamco considering breakup
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| Symbol | Last Price | % Chg |
|---|---|---|
| GAMI | - | - |
| GAMCO Investors, Inc. | ||