Link Securities | BBVA executives have the option of modifying the terms of their bid to take control of Banco Sabadell, particularly the exchange ratio, which most analysts consider essential to make the offer attractive to the Catalan bank’s shareholders, given the current share price gap in Sabadell’s favour, according to today’s Expansión. The extraordinary dividend of €2.5 billion that Sabadell’s Board of Directors wants the bank’s Shareholders’ Meeting to approve could give BBVA the option to raise the price of its offer by the same amount. This would increase the offer by 0.50 per share, making it more attractive to Sabadell shareholders.
Extraordinary dividend of €2.5 billion Sabadell wants to approve could give BBVA option to raise price of offer by same amount
