I doubt it is a trick or a play. Not sure what you mean by that. Why don't you just wait till the stock symbol changes and see where it opens?
They feel it is a better dividend, the one for one. What would make it better? If the stock opens higher than $6.75, or higher than where you bought it.
Personally, I bought my TEXG in May at 1.68, so I'm very green now, and doubling my holdings will make me very happy.