Reported Earlier, ARCA Biopharma Updates Special Dividend To $1.613/Share In Preparation For Oruka Therapeutics Merger
Portfolio Pulse from Benzinga Newsdesk
ARCA Biopharma has updated its special dividend to $1.613 per share in preparation for its merger with Oruka Therapeutics. The dividend will be paid on August 28, 2024, to shareholders of record as of August 26, 2024.
August 27, 2024 | 7:30 am
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ARCA Biopharma has announced an updated special dividend of $1.613 per share as part of its merger with Oruka Therapeutics. This move is likely to attract investor interest and could positively impact the stock price in the short term.
The announcement of a special dividend is a positive signal to investors, indicating that the company is in a strong financial position ahead of its merger with Oruka Therapeutics. This is likely to boost investor confidence and attract interest in the stock, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100