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Global Cash Access shareholder ValueAct drops stake to less than 5%
By Angela McDaniels
Tacoma, Wash., July 14 - Global Cash Access Holdings, Inc. investors led by ValueAct SmallCap Master Fund, LP sold 2,090,731 shares of the company's stock between June 11 and July 8.
The shares were priced from $6.98 to $8.00 each, according to a schedule 13D/A filing with the Securities and Exchange Commission.
Following the sales, the reporting persons beneficially own 2,853,721 shares, or 3.7%, of the company's stock.
The investors sold 800,000 shares between May 14 and May 18 and 1,824,722 shares between May 1 and May 6, according to previous SEC filings.
Las Vegas-based Global Cash provides cash access products and related services to the gaming industry.
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