1543 GMT - BBVA's offer modification is actually a clarification of what the acceptance threshold from Sabadell shareholders means, RBC says in a research note. The Spanish bank said the offer excludes treasury shares, reducing the minimum acceptance condition of more than 50.01% by 0.7% of the votes. This follows the regulator's request and has no implications on requirements for further signoffs or on delays in timing. "It feels like there was sloppy drafting by either the bank's lawyers or bankers. The bank has clarified that the amendment is no reflection on how close they think a vote could actually be," the analysts write. RBC expects the deal to go through, probably in the first half of the year with some relatively minor remedies and a 10% increase in the offer price. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
January 13, 2025 10:43 ET (15:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。