InsideArbitrage Event Driven Monitor – August 4, 2023

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Merger Arbitrage

1. KDNY: Chinook Therapeutics (KDNY) announced that it has received shareholder approval to be acquired by Novartis AG (NVS).
2. ACI: Judge Vince Chhabria of the US District Court for the Northern District of California tossed out a lawsuit by a group of consumers who sued to block Kroger’s (KR) planned purchase of rival grocery chain Albertson’s (ACI).

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