Among two merging companies, whould I buy one with lower ltp?

If two companies are merging in the ratio of 1:1, then it is better to buy stock having lower price, isn’t it?
for instance, kbl and nccb are merging in 1:1 ratio. So its better to buy NCCB(ltp179.70) than KBL(ltp 183.30). Am I right here?


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