True/DTAC: NBTC's Last Roll Of The Dice?

Recommend going long DTAC short TRUE trade at the current price ratio, using a share ratio. If the deal breaks, you are long DTAC (6.1x forward EV/EBITDA) vs TRUE (8.9x) with a lower multiple.
- by David Blennerhassett on Total Access Communication in Event-Driven
Key points:
1. With near-on nine-month having lapsed since True Corp Pcl (TRUE TB) and Total Access Communication (DTAC TB) submitted an amalgamation report, the NBTC may conclude/clarify a sweeping resolution today.
2. That resolution, prompted by DTAC and True, is expected to establish the NBTC has no authority to consider approving or rejecting the merger, although remedial measures may be enforced.
3. Further rumours abound as I type that the NBTC decision may be delayed another week.
Before it's here it's on Smartkarma: skr.ma/osfsU
More from David Blennerhassett: skr.ma/cPbgX
More in Event-Driven: skr.ma/uKDiC