Sabadell, a Spanish lender, is resisting BBVA's hostile takeover bid. The chairman reiterates rejection reasons, warns the bid process could extend into 2025. Sabadell aims to dissuade retail shareholders from supporting the 12.23 billion euro bid. CEO rules out M&A defense strategy against BBVA, citing competition concerns and potential SME business carve-out.
Sabadell rules out M&A defence against BBVA bid, CEO says https://t.co/CNxetVwWQs https://t.co/AmUIq2Z4hY
🔵 SABADELL CEO RULES OUT M(and)A DEFENCE AGAINST BBVA BID Full Story → https://t.co/nItfro4Ogo Spain's Sabadell is not planning to try and buy a competitor as part of a potential defence strategy against rival BBVA's hostile takeover attempt, Chief Executive Officer Cesar… https://t.co/qfwhMo6Hce
⚠️ SABADELL CEO SAYS SPANISH BANK IS NOT PLANNING AN ACQUISITION TO DEFEND ITSELF AGAINST BBVA'S HOSTILE BID ** SABADELL'S CEO SAYS BBVA OFFER RAISES COMPETITION CONCERNS FOR SPAIN, PREDICTS THAT BBVA COULD BE FORCED TO CARVE OUT SABADELL'S SME BUSINESS **SPANISH COMPETITION…
was wondering why the bid was so aggro here lol https://t.co/6yqOZCV52r
Sabadell woos crucial retail investors in BBVA takeover battle https://t.co/NpBAGoRKKI
🔵 SABADELL TELLS SHAREHOLDERS THAT BBVA BID PROCESS MAY LAST UNTIL 2025 Full Story → https://t.co/t59iDqpSY2 Spanish lender Sabadell has kicked off the process of trying to persuade retail shareholders not to back BBVA's 12.23 billion euro ($13.3 billion) hostile takeover… https://t.co/ZqoFZLUPil
⚠️ CHAIRMAN OF SABADELL WRITES TO RETAIL SHAREHOLDERS FOLLOWING BBVA'S HOSTILE TAKEOVER BID **CHAIRMAN REITERATES REASONS FOR REJECTING BBVA BID, TELLS SHAREHOLDERS THAT TAKEOVER BID PROCESS MAY LAST UNTIL END-2024 OR INTO 2025 **SABADELL WILL NOT ISSUE A PUBLIC AND DETAILED…