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BBVA May 2024 7.500 call
| Previous close | 4.3000 |
| Open | 4.3000 |
| Bid | 1.5000 |
| Ask | 4.7000 |
| Strike | 7.50 |
| Expiry date | 2024-05-17 |
| Day's range | 4.3000 - 4.3000 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
ReutersBBVA's Spanish expansion plans hit after Sabadell rejects takeover offer
MADRID (Reuters) -BBVA's plans to rebalance its business towards Spain have suffered a setback after Sabadell rejected its takeover proposal, with analysts divided on Tuesday on whether the bank might return with better terms or look elsewhere. Sabadell's board said late on Monday that BBVA's all-share offer - unveiled last week and valuing Spain's No.4 lender at about 12 billion euros ($12.9 billion) - significantly undervalued its potential and growth prospects. BBVA, Spain's No.2 bank by market value, said it regretted Sabadell board's decision, which comes nearly four years after previous negotiations for a merger collapsed.
ReutersSpain's Sabadell rejects merger proposal from rival BBVA
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.
ReutersSpanish bank Sabadell rejects $12.9 billion BBVA merger proposal
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. Last week, 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.
