Banco de Sabadell, S.A. (BDSB.F)
| Previous close | 1.9340 |
| Open | 1.9280 |
| Bid | 1.9410 x 450000 |
| Ask | 1.9415 x 500000 |
| Day's range | 1.9280 - 1.9315 |
| 52-week range | 0.9580 - 2.0840 |
| Volume | |
| Avg. volume | 4,821 |
| Market cap | 10.388B |
| Beta (5Y monthly) | 0.99 |
| PE ratio (TTM) | 7.73 |
| EPS (TTM) | 0.2500 |
| Earnings date | 25 Jul 2024 - 29 Jul 2024 |
| Forward dividend & yield | 0.06 (3.10%) |
| Ex-dividend date | 16 Apr 2024 |
| 1y target est | 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.
ReutersSabadell pursues retail investors after BBVA bid turns hostile
MADRID (Reuters) -Spain's Sabadell has told its retail shareholders the bank has "excellent prospects" alone and that they may not need to make a decision about BBVA's 12.23 billion euro ($13.3 billion) hostile takeover attempt until 2025. Retail investors make up nearly half of Sabadell's shareholder structure. BBVA, whose approach turned hostile after its smaller rival rejected its initial offer, had set itself a minimum approval threshold of 50.01% of Sabadell shareholders.
