BBVA Jun 2024 10.000 call
| Previous Close | 0.8500 |
| Open | 0.8500 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 10.00 |
| Expire Date | 2024-06-21 |
| Day's Range | 0.8500 - 0.8500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
ReutersBBVA sets July 5 for vote on share issue to fund Sabadell bid
Spanish bank BBVA's shareholders will vote on July 5 on whether to approve a share issue to fund its 12 billion euro ($13 billion) hostile takeover bid for smaller rival Banco Sabadell. The bank wants to issue 1.126 billion new shares, which at BBVA's closing price of 10.9 euros on April 29 - before the bank revealed its Sabadell bid - would be worth slightly more than 12.2 billion euros. BBVA has offered one newly issued BBVA share for every 4.83 in Sabadell, representing a premium of 30% over Sabadell's April 29 closing price of 1.73750 euros.
ReutersSabadell rules out M&A defence against BBVA bid, CEO says
MADRID/LONDON (Reuters) -Spain's Sabadell is not planning to try and buy a competitor as part of a potential defence strategy against rival BBVA's hostile takeover attempt, Chief Executive Officer Cesar Gonzalez-Bueno told Reuters. Spain's No. 2 lender BBVA this month stunned Spain by making the first hostile takeover attempt in Spanish banking since the 1980s, after Sabadell's board rejected an initial bid on the grounds it significantly undervalued the lender.
ReutersSpanish bank BBVA seeks authorisation of hostile takeover bid for Sabadell
Spanish bank BBVA on Friday asked stock market supervisor CNMV to authorise its 12.23-billion-euro ($13.29 billion) hostile takeover offer for smaller rival Sabadell, a potential tie-up of lenders that Madrid opposes. The filing with the CNMV formally kicks off the regulatory process for BBVA's bid and is expected to take several months. The deal also requires the green light from the European Central Bank.
