InsideArbitrage Event Driven Monitor – August 14, 2023

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Merger Arbitrage

1. CD: Chindata Group Holdings Limited (CD) by BCPE Chivalry Bidco Limited for $4.17 billion. Under the terms of the agreement, shareholders of Chindata Group Holdings Limited receive US$8.60 in cash without interest and net of any applicable withholding taxes and certain fees to the ADS depositary.
2. SGTX: Eli Lilly and Company (LLY) completed the acquisition of Sigilon Therapeutics (SGTX).
3. KDNY: Novartis AG (NVS) completed the acquisition of Chinook Therapeutics (KDNY).

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