BBVA's takeover bid for Sabadell fails as shareholder acceptance below required minimum
17-month saga concludes as majority of 200,000 shareholders reaffirm support for Catalan bank
17-month saga concludes as majority of 200,000 shareholders reaffirm support for Catalan bank
About 35% of Catalan bank shareholders have rejected the offer so far, but the Spanish lender still has room to secure the 50% needed to take control
Over 200,000 shareholders of the Catalan bank have just hours left to decide whether to accept the offer
Catalan Foment del Treball president hopes buyout offer does not surpass required 30%
Board of Directors rejects offer by majority and raises shareholder payout to €1.45 billion
Spain's CNMV extends acceptance period to October 10, while Catalan bank leader says it's "not enough"
Basque bank offers one BBVA share per each 4.8376 shares of Banc Sabadell
Catalan bank CEO says investors see Basque entity's offer as 'worthless' and that none of the bank's retail shareholders have accepted it
Catalan bank says current offer 'destroys' shareholder value and rests on 'unrealistic assumptions'
Announcement arrives after US Securities and Exchange Commission greenlights takeover bid with at least 30% of shares
Basque bank receives green-light from US Securities and Exchange Commission
Catalan bank understands financial operation "complicates" acquisition by Basque bank and praises sale of British subsidiary
Bank believes acquisition generates value despite Spanish government's three-year delay imposed on merger