Oct. 10 at 8:28 AM
$BBVA BBVA-Sabadell Saga Nears End After Final Push for Retail Support.
- BBVA SA is trying to persuade Banco Sabadell SA's retail shareholders to tender their shares as part of its
$19 billion hostile takeover bid.
- The bank has held events in key Sabadell markets and boosted incentives for employees to help convince Sabadell investors to tender their shares.
- A successful bid would create a new domestic banking giant, but Sabadell has been opposed to the deal, arguing its shareholders will be better off if they reject BBVA's proposal.