True Corp Pcl Watchlist
DTAC/True Merger VTO Risk/Reward
274 Views, 18 May 2022 22:53
Arun has highlighted this Insight as a Top Pick
- 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).