Whitefort Capital Management, LP, a long-term investor and the third largest shareholder of Arbutus Biopharma with approximately 6.8% ownership, published a letter to the Company’s Board of Directors. The letter outlined Whitefort Capital's views on actions Arbutus must take.
The shareholder's communication emphasized the need for the company to preserve and maximize shareholder value. This public letter indicates a degree of dissatisfaction with the current strategic direction or pace of value creation.
Such shareholder activism often signals potential pressure for strategic changes, which could include adjustments to pipeline development, capital allocation, or intellectual property enforcement.
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