Billionaire investor Mario Gabelli has increased his holdings in Superior International Inc. The Van Nuys manufacturer of aluminum wheels was the prize in a proxy battle last August between New York-based Gabelli and the Superior board. None of Gabelli’s three candidates attracted enough votes to win a board seat. Gabelli’s Fund GAMCO reported on March 11 it had increased its stake in Superior by 1 percent to 2.13 million shares, worth nearly $40 million. Shares of Superior closed down 25 cents, or 1.3 percent, to $18.62 on the New York Stock Exchange. Walt Disney Co.’s live action “Cinderella” earned $70 million in domestic box office during its opening weekend, making it the sixth highest all-time among March debuts. The fairy tale film starring Lily James and directed by Kenneth Branagh handily beat out the $11 million domestic gross of “Run All Night,” a thriller starring Liam Neeson that was the only other new film opening on Friday. “Cinderella’s” opening was similar to one other recent Disney live-action fantasy, last year’s “Maleficent” ($69.4 million) but slightly less than the $79.1 million domestic opening for “Oz The Great and Powerful” in 2013. Box office tracking site Box Office Mojo, in Burbank, forecasts that “Cinderella” should bring in more than $200 million during its U.S. theatrical run. Shares rose 93 cents, or a fraction of a percent, to $107.37 on the New York Stock Exchange.
