BBVA adjusts offer for Sabadell
BBVA Adds Cash to Sabadell Takeover Bid Following Dividends
BBVA has adjusted its Banco Sabadell SA takeover offer after both lenders recently announced dividend payments.
BBVA tweaks Sabadell offer to keep $13.4 billion value after dividends
Spain's BBVA on Tuesday said that it had adjusted its takeover offer for Sabadell to take into account interim dividend payments from both lenders to shareholders in order to maintain the economic terms of the bid.
BBVA Tweaks Terms of Sabadell Takeover Offer to Take Into Account Dividends
BBVA--officially known as Banco Bilbao Vizcaya Argentaria--said late Tuesday that it is now offering one of its own shares and 29 European cents in cash (32 U.S. cents) for every 5.0196 shares of Sabadell. The previous bid included one newly-issued BBVA share for every 4.83 Sabadell shares, without a cash component.
BBVA adjusts Sabadell takeover bid following dividend announcements
Under the revised terms, BBVA is now offering one newly issued share for every 5.0196 Sabadell shares, plus €0.29 in cash
BBVA adjusts offer for Sabadell after dividend payments
Spain's BBVA said today that it had adjusted its takeover offer for Sabadell to take into account interim dividend payments by both lenders to shareholders.
BBVA Boosts Dividend as It Races Sabadell on Investor Payouts
BBVA SA announced its highest-ever interim dividend, as it seeks to win over investors for its plan to acquire a smaller Spanish rival.
BBVA tweaks Sabadell offer to keep $13.4bln value after dividends
Following the payment on Tuesday of an interim dividend of 0.08 euros by Sabadell against 2024 results, BBVA is now offering one newly issued ordinary share for 5.0196 ordinary shares of Sabadell, it said in a filing on Tuesday to the supervisor.
Sabadell CEO says 2024 full-year profit could top 1.6 billion euros
The CEO of Spain's Sabadell, Cesar Gonzalez-Bueno, on Thursday said the bank could earn more than 1.6 billion euros ($1.76 ...
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Carlos Torres Vila: “The combination with Banco Sabadell reinforces BBVA's commitment to Catalonia”
BBVA Chair Carlos Torres Vila spoke in Barcelona on Tuesday, emphasizing Catalonia's strong "future appeal" and the bank's ...
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UBS, advisor to BBVA, announces during takeover bid that it holds more than 3% of Sabadell
UBS, which is acting as an advisor to BBVA in the takeover bid for Banco Sabadell, has declared to the CNMV that it holds a 3 ...
BBVA is seeking to expand its market shares across several European countries
In May, BBVA made an attempt at a hostile takeover of its market competitor, Sabadell, aiming to bolster its market presence.
Sabadell CEO says 2024 full-year profit could top 1.6 bln euros
Bueno, on Thursday said the bank could earn more than 1.6 billion euros ($1.76 billion) in net profit in 2024 if it manages ...