Banco Bilbao Vizcaya Argentaria (BBVA) has adjusted its takeover offer for Banco Sabadell to account for the latter's final dividends. The revised offer increases the cash payment from €0.29 to €0.70 for every 5.3456 shares of Sabadell. In addition to the cash component, BBVA will offer one share of its own stock. This adjustment follows the suspension of Sabadell's share buyback program, which is set to resume on March 31, 2025, with a total value of €247 million. Both banks experienced a decline of approximately 1% in their stock prices in response to these developments.
BBVA elevará el pago en efectivo de la opa a Banco Sabadell de 0,29€ a 0,70€ https://t.co/PebLOvO3cq
BBVA ajusta el canje de acciones que ofrecerá en la OPA por el dividendo de Sabadell https://t.co/ZH5GRxgCOc
El accionista de Banco Sabadell que no acudirá a la opa de BBVA https://t.co/iE6advTT9J