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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

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!