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ABIO - ARCA biopharma: Activist's Pressure Could Make This Into A Liquidation Play
ARCA biopharma Inc.
Activist is pushing ARCA biopharma to stop new developments and return cash to shareholders.
Subsequently, management has started a strategic review.
The company's cash position (minus liabilities) stands at $3.19/share offering a potential 45% upside if things play out according to the activist's demands.