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InsideArbitrage Event Driven Monitor – August 4, 2023

  • August 4, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage KDNY: Chinook Therapeutics (KDNY) announced that it has received shareholder approval to be acquired by Novartis AG (NVS). 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). You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Deal in the Works AVID: Symphony Technology Group and Francisco Partners are among the private equity firms competing to acquire media editing software maker Avid Technology (AVID) Insider Purchases ADC: John Rakolta Jr., a Director of retail REIT Agree Realty Corp (ADC), purchased 30,000 shares at an average price of $63.02 totaling $1.89 million. President & CEO Joey Agree and Executive Chairman of the Board Richard Agree also purchased 10,000 shares, and 11,751 shares respectively. CROX: Thomas J. Smach, a Director of footwear & accessories company Crocs, Inc. (CROX), purchased 10,000 shares at an average price of $105.85 totaling $1.06 million. Director Douglas J. Treff also...

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