InsideArbitrage Event Driven Monitor – September 23, 2024

Merger Arbitrage

1. ACI: Kroger (KR) announced that it has extended the expiration date of the exchange offers of the Albertsons (ACI) Notes from September 23, 2024, to September 27, 2024.
2. ITI: Iteris (ITI) filed a definitive proxy statement. The special meeting of shareholders will be held on October 22, 2024.
3. X: Bloomberg reported that White House National Security Adviser Jake Sullivan downplayed any suggestion that the U.S. granting Nippon Steel an extension in a security review of its deal for U.S. Steel (X) indicated President Joe Biden was warming to the politically contentious takeover.

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