BBVA Adjusts Tender Offer for Banco de Sabadell Following Dividend Payments

Banco Bilbao Vizcaya Argentaria ( (ES:BBVA) ) has shared an update.

BBVA has announced adjustments to its voluntary tender offer for Banco de Sabadell, following dividend payments by both banks. The offer, initially announced in May 2024, has been modified to reflect these payments, maintaining the economic terms of the deal. The revised offer will provide Banco Sabadell shareholders with one newly issued BBVA share and €0.70 in cash for every 5.3456 Sabadell shares, effective April 8, 2025. This move underscores BBVA’s strategic efforts to consolidate its market position through acquisitions.

More about Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria (BBVA) is a major financial institution operating in the banking industry, offering a wide range of financial services and products. The company focuses on retail banking, asset management, and corporate banking, with a significant presence in Spain and other international markets.

YTD Price Performance: 37.23%

Average Trading Volume: 1,933,648

Technical Sentiment Signal: Sell

Current Market Cap: €75.6B

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