Sabadell's board unanimously recommended on September 12, 2025, that its shareholders reject BBVA's hostile takeover bid, stating that the offer 'significantly undervalued Sabadell's business.' This strong opposition comes as the acceptance period for BBVA’s bid opened earlier in the week and runs until October 7.
The board's opinion, which also noted that the offer 'destroys value for Banco Sabadell shareholders,' adds considerable pressure on BBVA to potentially increase its offer. This public rejection aims to sway shareholders against tendering their shares.
For investors, this indicates that the path to completing the Sabadell acquisition remains highly contentious. The firm stance from Sabadell's leadership suggests that BBVA may face an uphill battle in securing the necessary shareholder support without further concessions or a revised, higher bid.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.