Franklin Electronic Publishers, Inc. (AMEX: FEP) 111% HIGHER; today announced that it has received a copy of a Schedule 13D filed with the SEC relating to a non-binding proposal by Saunders Acquisition Corporation for an all cash acquisition at $2.35 per share. More from the release.

ARCA biopharma (Nasdaq: ABIO) 42.4% LOWER; received a Complete Response letter from the U.S.FDA for its New Drug Application seeking approval for GencaroTM (bucindolol hydrochloride) for the treatment of patients with chronic heart failure. Click here for the full report.

The PMI Group, Inc. (NYSE: PMI) 42% HIGHER; late Friday, announced