The dividend effect will pull share swap ratio down significantly!

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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The official share swap ratio was announced on Friday, 21 August 2015.Share swap ratio - 1 common stock of TC Bank will be exchanged for NT$8.15 and 0.460972 common stock newly issued by Yuanta<ul><li>The&nbsp;implied offer is approximately TWD 13.70</li><li>Gross Spread ~ 8.16%</li></ul>What is the risk : reward currently implied in&nbsp;this deal and how was the ratio was calculated? We will explore this further in the insight....&nbsp;

The official share swap ratio was announced on Friday, 21 August 2015.Share swap ratio - 1 common stock of TC Bank will be exchanged for NT$8.15 and 0.460972 common stock newly issued by YuantaThe&nbsp;implied offer is approximately TWD 13.70Gross Spread ~ 8.16%What is the risk : reward currently implied in&nbsp;this deal and how was the ratio was calculated? We will explore this further in the insight....&nbsp;

Ta Chong Bank

The Ratio is Out..