Betaville

UNCOOKED ALERT: Banco de Sabadell said to ... - Part 6

There you go - in a highly unusual move Spanish lender BBVA has unveiled the full detail of its offer for smaller rival Banco de Sabadell on a public holiday.

BBVA is offering one share for every 4.83 Banco de Sabadell shares, valuing Sabadell at EURO 12.3 billion.

That represents a premium of 30pc above yesterday's closing price.

This bid situation looks like its about to kick off!..