BBVA Makes $12 Billion Hostile Bid for Sabadell After Snub – Yahoo Finance
(Bloomberg) – Banco Bilbao Vizcaya Argentaria has made an 11.5 billion euro ($12.4 billion) bid for Banque Sabadell directly to shareholders, but the Spanish government is concerned about job cuts and a decline in competitiveness. It was an unusually hostile move, with the government announcing its opposition. Most Read Articles on Bloomberg According to BBVA’s […]
BBVA takes Sabadell bid approach directly to shareholders – Financial Times
Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Spanish bank BBVA has launched an 11.5 billion euro hostile takeover bid for Banco Sabadell after the board of its smaller rival rejected the offer. BBVA made an all-share offering directly to Sabadell shareholders on Thursday, less […]
