True Corp Pcl

DTAC/True Merger VTO Risk/Reward

Event-Driven
274 Views, 18 May 2022 22:53
Arun has highlighted this Insight as a Top Pick
EXECUTIVE SUMMARY
  • At the last close prices, Total Access Communication (DTAC TB) and True Corp Pcl (TRUE TB)’s gross spread to the dividend-adjusted VTO price is 5.6% and 11.1%, respectively.  
  • The merger has received DTAC and True shareholder approvals. The merger hinges on regulatory approval.
  • The LONG True and SHORT DTAC trade is attractive, with the current spread of 5.5% trading above the average spread since the merger announcement of 3.4% (ex. transaction costs).
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Arun George
IPOs and Catalysts/Events
Global Equity Research Ltd
Information TechnologyEquitiesEquity Capital MarketsEvent-Driven

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start... 

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