INVESTMENT GROUP RAISES HOLDINGS IN NMG TO 13.2%
NEW YORK — An investor group, including New York money manager Mario Gabelli, said it increased its stake in the Neiman Marcus Group to 13.2 percent. In a filing with the SEC, the group said it bought 59,800 common shares between Sept. 22 and Nov. 7 at prices of $13.50 to $14.75 a share. It now holds 5 million shares. NMG stock closed Tuesday at 14 3/8 down 1/4 on the New York Exchange.