In today’s briefing:
- Gulf (GULF TB)/Intouch (INTUCH TB) Merger and ADVANC/THCOM VTOs
Gulf (GULF TB)/Intouch (INTUCH TB) Merger and ADVANC/THCOM VTOs
- Intouch Holdings (INTUCH TB) and Gulf Energy Development (GULF TB) announced restructuring transactions to merge into NewCo and VTOs for Advanced Info Service (ADVANC TB) and Thaicom Pcl (THCOM TB).
- Shareholders will receive 1.69335 NewCo shares per Intouch share (excluding shares held by Gulf) and 1.02974 NewCo shares per Gulf share.
- The key conditions are shareholder approvals, completion of VTOs and purchase of dissenting shares. The transaction is long-dated and expected to be completed in 2Q25.
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