InsideArbitrage Event Driven Monitor – July 19, 2023

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Merger Arbitrage

1. ATVI: According to Reuters, twenty-two Republican lawmakers urged the FTC to drop its fight against Microsoft’s (MSFT) deal to buy video game maker Activision Blizzard (ATVI), calling it “an example of the FTC’s rejection of sound antitrust policy.”
2. ATVI: According to The Wall Street Journal, Microsoft (MSFT) and Activision Blizzard (ATVI) plan to continue work to resolve lingering regulatory issues as the deadline to close the merger approaches.
3. NGMS: NeoGames announced today that its shareholders have approved the adoption of the previously announced business combination agreement with Aristocrat Leisure Limited.

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