Previous close | 1.8850 |
Open | 1.9005 |
Bid | 1.9000 x 0 |
Ask | 1.8845 x 0 |
Day's range | 1.8795 - 1.9310 |
52-week range | 0.8960 - 1.9700 |
Volume | |
Avg. volume | 33,698,705 |
Market cap | 10.204B |
Beta (5Y monthly) | 1.04 |
PE ratio (TTM) | 7.56 |
EPS (TTM) | 0.2500 |
Earnings date | 25 Jul 2024 - 29 Jul 2024 |
Forward dividend & yield | 0.06 (3.18%) |
Ex-dividend date | 16 Apr 2024 |
1y target est | 1.10 |
The board of Spain's Banco Sabadell on Monday rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, Sabadell said in a statement to the Spanish stock market supervisor. "The board believes that the proposal significantly undervalues the potential of Banco Sabadell and its standalone growth prospects," it said, calling the offer unsolicited. "Furthermore, the recent material decline and volatility in the BBVA share price increases the uncertainty around the value of the proposal," it added.
MADRID (Reuters) -Sabadell's board rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, the Spanish lender said on Monday. The country's fourth-largest lender by market value said its board believed BBVA's proposal significantly undervalues the potential of Banco Sabadell and its growth prospects, calling the offer unsolicited. On Wednesday, BBVA had offered an exchange ratio of one newly issued BBVA share for every 4.83 Sabadell shares, a premium of 30% over April 29 closing prices.
MADRID/LONDON (Reuters) -Spanish bank Sabadell has lined up advisers to assess its options after rival BBVA unveiled a 12 billion euro ($12.83 billion) takeover offer, sources said on Thursday, as shares in Sabadell extended gains on the proposed deal. BBVA said this week that it had approached its smaller rival with an all-share offer, nearly four years after previous talks on a merger between Spain's second and fourth-largest lenders collapsed. The deal would create a Spanish bank with assets of nearly 1 trillion euros and a market value rivalling Santander, as well as helping BBVA diversify away from emerging markets like Mexico.