Banco de Sabadell SA accused Banco Bilbao Vizcaya Argentaria SA of breaching Spanish laws governing tender offers with its hostile takeover bid, as tensions mount between the two lenders.
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BBVA Chairman Told Sabadell There’s ‘No Room’ for Improved OfferBanco Bilbao Vizcaya Argentaria SA’s chair told his counterpart at Banco Sabadell SA that it has “no room” to improve its proposed takeover offer, citing in part the fall in its share price after news of its approach broke.
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BBVA Launches All-Shares Tender Offer for Sabadell(Bloomberg) -- Banco Bilbao Vizcaya Argentaria SA has launched a hostile bid for Banco de Sabadell SA just days after an earlier approach was rejected by the...
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Spanish government opposes BBVA’s US$13-billion hostile bid for smaller rival SabadellSpain’s economy minister said the government believes the combination of the two banks would have potentially harmful effects on the country’s financial system and would impact jobs and customers
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Spain Says It Has Last Word to Approve BBVA Offer for SabadellSpain’s dramatic intervention to oppose Banco Bilbao Vizcaya Argentaria SA’s hostile bid for Catalan lender Banco de Sabadell SA is blurring the lines between politics and business mere days before a regional election in Catalonia.
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Sabadell Board Decides to Reject BBVA’s Takeover ApproachBanco Sabadell SA has rejected an approach by Banco Bilbao Vizcaya Argentaria SA to initiate talks about a takeover.
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BBVA Approaches Sabadell Over Potential Spanish Bank MergerBanco Bilbao Vizcaya Argentaria SA has told Banco Sabadell SA that it’s interested in exploring an acquisition, in what could be one of the largest European banking deals in years.
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