BBVA has updated its hostile takeover offer to Banco Sabadell shareholders, proposing a cash payment of €0.29 and modifying the exchange ratio to 1 BBVA SM x 5.0196 SAB SM.
What is covered in the Full Insight:
Offer Price Adjustment
Dividend and Exchange Ratio
Conditions and Approvals
Gross Spread and Valuation
Conclusions
SUMMARY
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