BBVA May 2024 15.000 call
| Previous close | 0.0500 |
| Open | 0.0500 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 15.00 |
| Expiry date | 2024-05-17 |
| Day's range | 0.0500 - 0.0500 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
ReutersBBVA shares rise after Sabadell rejects takeover proposal
Shares in Spanish bank BBVA rose as much as 1.9% on Tuesday morning after Sabadell rejected what it described as an unsolicited takeover proposal from BBVA. At 0805 GMT, shares in BBVA, Spain's second-biggest lender by market value, were up 1.5%, while those of number four lender Sabadell were down 1.7%. On Monday, Sabadell said its board believed BBVA's proposal significantly undervalued its potential and growth prospects.
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.
