ASM International NV (NDAQ:ASMI) shares rose $0.48, or 2.21%, to $22.23 after Fursa Alternative Strategies disclosed a 8.9% stake in the company and requested clearance to purchase additional shares of the company's common stock. The request was mandated since, combined with their current holdings, the hedge fund's ownership would exceed the $100 million Heart-Scott-Rodino form notification threshold. This is good news for shareholders, as any further buying in open market transactions clearly provides a boost for the share price. While this is no guarantee, it certainly makes ASMI a stock
worth watching!
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