International Game Technology Surges on Merger Announcement

International Game Technology Surges on Merger Announcement

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), International Game Technology (NYSE:IGT) and Organovo Holdings Inc. (NYSEMKT:ONVO) made big gains early in the day this Tuesday. Receptos Inc. (NASDAQ:RCPT), Sears Canada Inc. (NASDAQ:SRSC) and Caesars Acquisition Company (NASDAQ:CACQ) posted losses.

Sign up for our free newsletter

Bedford Park Opportunities Fund Q2 Letter: Long Converge Technology Solutions

TechnologyThe Bedford Park Opportunities Fund returned 13.5% net of all fees and expenses in the second quarter of 2021, bringing its year-to-date return to 27.6%. Q2 2021 hedge fund letters, conferences and more   In the fund's second-quarter investor letter, which ValueWalk has been able to review, Jordan Zinberg, the President and CEO of Bedford Read More

International Game Technology Jumps

Altisource Portfolio Solutions climbed +19.14% this morning. The stock has climbed +48% over the past five days, though it is still well in the red year-to-date. Leon Cooperman holds 2.26 million ASPS shares.


International Game Technology surged +13.01% in the wake of news that it will merge with GTECH. The combined companies will be known as International Game Technology PLC and will be headquartered in the U.K. As per its most recent 13F filing, Farallon Capital holds 11.32 million IGT shares, representing a 4.58% stake in the company.

Organovo Holdings calimbed +7.6% early in the day. The development-stage company recently entered into a research collaboration agreement with L’Oreal. Tiger Global has a small stake in the company.

Receptos Inc. Dips

Receptos Inc. dipped -6.34% today but remains up +22% YTD. The drug maker is reported to be fielding takeover interest from potential buyers. This is another Farallon Capital pick.

Sears Canada tumbled -5.54% early in the day. The stock has declined nearly -40% over the past year, though it has remained somewhat flat in 2015. Edward Lampert has a 27.59% stake in SRSC, and Bruce Berkowitz has a 13.84% stake.

Caesars Acquisition Company fell -4.4% and is down -39% in 2015. George Soros, John Paulson and Leon Cooperman have stakes in the firm.

Screen Shot 2015-02-23 at 3.00.26 PM


No posts to display