1515 GMT - The value of BBVA's bid for Sabadell remains the same as the acceptance threshold tweak doesn't imply a direct improvement of the economic offer, Renta4 says in a research note. The Spanish bank slightly lowered the acceptance threshold as it will now only consider shares that have voting rights and exclude those held in treasury. Previously, more than 50.01% of Sabadell's shareholders had to approve the hostile bid for it to go through. "This modification implies the need for a lower number of voting rights in order to accept the offer, and values the voting rights of Sabadell's shareholders," analyst Nuria Alvarez writes, adding that it comes after months of negotiation with the stock market regulator. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
January 13, 2025 10:18 ET (15:18 GMT)
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