In today’s briefing:
- DTAC/True Merger: Shares Decline on Noise About NBTC Subcommittees Voting Decision
DTAC/True Merger: Shares Decline on Noise About NBTC Subcommittees Voting Decision
- Total Access Communication (DTAC TB) and True Corp Pcl (TRUE TB) shares declined as reports suggest that NBTC’s subcommittees voted 3:1 AGAINST the merger. True said the reports are false.
- An earlier press conference by CP Group and Telenor ASA (TEL NO) reiterated that the NBTC could only prescribe remedial measures. A court ruling on 16 June supports this view.
- NBTC will allegedly review the subcommittees’ findings on 26-27 July. We think this development results in the NBTC prescribing harsher remedial conditions to the merger rather than blocking it.
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