Furiex Pharmaceuticals Inc. (FURX): Magnetar Capital Reveals 10% Stake; Garnero Group Acquisition Co. (GGACU): Glazer Capital Reports 6% Stake

In a new filing with the U.S. Securities and Exchange Commission, Magnetar Capital, run by Alec Litowitz and Ross Laser, has disclosed a new position in Furiex Pharmaceuticals Inc. (NASDAQ:FURX). According to the filing, Magnetar Capital owns 1.08 million shares of the company, representing 9.98% of common stock.

Furiex Pharmaceuticals Inc (FURX)

With a market cap of $1.13 billion, Furiex Pharmaceuticals Inc. (NASDAQ:FURX) is a drug development collaboration company. The company was acquired by Forest Laboratories, a subsidiary of Actavis plc (NYSE: ACT), in an all-cash transaction valued at about $1.1 billion, and up to about $360 million in a Contingent Value Right (CVR) that may be payable based on the status of eluxadoline, Furiex’s lead product, as a controlled drug following approval, according to a news release.

The largest shareholders of the company include Mitchell Blutt’s Consonance Capital Management, which owns 616,495 shares, and Casey Nelson’s Alistair Capital, which holds 84,938 shares. Another investor, Neil Shah’s March Altus Capital Management disclosed ownership of 69,960 shares of Furiex Pharmaceuticals Inc. (NASDAQ:FURX).

In another filing, Glazer Capital, managed by Paul Glazer, has disclosed a new position in Garnero Group Acquisition Co. (NASDAQ:GGACU). In a new filing with the SEC, Glazer Capital has revealed that it holds 1.10 million ordinary shares of the company, The stake equates to 6.8% of class, and is passive by nature.

Garnero Group Acquisition Co. (NASDAQ:GGACU) is a newly formed blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities. Garnero Group Acquisition Co. (NASDAQ:GGACU) recently conducted its initial public offering of 12.50 million units. The underwriters of the offering have exercised their over-allotment option in full and that the closing of the sale of the 1.88 million units has taken place.

Disclosure: none

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

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!