Previous close | 10.29 |
Open | 9.85 |
Bid | 9.68 x 0 |
Ask | 9.68 x 0 |
Day's range | 9.61 - 9.85 |
52-week range | 6.06 - 11.27 |
Volume | |
Avg. volume | 15,839,525 |
Market cap | 55.789B |
Beta (5Y monthly) | 1.49 |
PE ratio (TTM) | 7.12 |
EPS (TTM) | 1.36 |
Earnings date | 31 Jul 2024 |
Forward dividend & yield | 0.55 (5.34%) |
Ex-dividend date | 08 Apr 2024 |
1y target est | 6.82 |
MADRID/BARCELONA (Reuters) -Spain's government opposes BBVA's hostile takeover bid for its smaller rival Sabadell, Economy Minister Carlos Cuerpo said on Thursday. Under Spanish law, the Economy Ministry has the power to block any merger or acquisition of a bank. The government has six months to decide after consulting with regulators including the Bank of Spain and the securities regulator CNMV.
(Reuters) -Europe's benchmark index retreated on Thursday from a recent rally, with a handful of heavily weighted stocks trading ex-dividend, while shares of Spanish bank BBVA slumped after announcing a hostile takeover bid for smaller rival Sabadell. The pan-European STOXX 600 edged 0.1% lower by 0830 GMT, after jumping 2.5% over the past four sessions and posting record closing highs for two straight days. Britain's benchmark FTSE 100 was flat ahead of the Bank of England's policy decision later in the day.
MADRID (Reuters) -Spanish bank BBVA launched a hostile 12.23 billion euro ($13.1 billion) all-share takeover bid for Sabadell on Thursday, after its smaller rival rejected the same proposal earlier this week. Taking the offer directly to Sabadell shareholders came as a surprise as hostile takeovers are rare in European banking and can end up embroiled in months of negotiations as politicians and regulators weigh in. BBVA's decision comes after Sabadell's board on Monday said the unsolicited bid significantly undervalued the bank's potential and growth prospects.