Sabadell Board Decides to Reject BBVA's Takeover Approach [BNN Bloomberg (Canada)]
Banco Santander, S.A. Sponsored ADR (Spain) (SAN)
US:NYSE Investor Relations:
santander.com/csgs/satellite/cfwcsancomqp01/en_gb/corporate/shareholders-and-investors.html
Company Research
Source: BNN Bloomberg
“Based on the detailed assessment of the proposal, the Board has concluded that it is not in the best interest of Banco Sabadell and its shareholders and has therefore rejected BBVA's proposal,” Sabadell said in a regulatory filing. The statement from the Spanish bank comes after BBVA last week made a surprise offer to Sabadell to start talks about a possible merger. The proposed all-share deal valued the smaller bank at a 30% premium to its closing price on April 29 — or around €12 billion ($13 billion). It also offered to give Sabadell shareholders a 16% stake in the combined group. A combination of the two banks would create a Spanish behemoth to rival the country's largest lender, Banco Santander SA. The combined lender would have more than €1 trillion ($1.1 trillion) in assets, with a market capitalization of about €70 billion, or roughly equal to the valuation of Santander. Read More: BBVA's €12 Billion Sabadell Proposal Signals Banking Shakeup The two lenders held shor
Show less
Read more
Impact Snapshot
Event Time:
SAN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SAN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SAN alerts
High impacting Banco Santander, S.A. Sponsored ADR (Spain) news events
Weekly update
A roundup of the hottest topics
SAN
News
- Lowey Dannenberg, P.C. is Investigating Banco Santander, S.A. (“Banco Santander”) (NYSE:SAN) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $100,000 in Losses to Contact the FirmGlobeNewswire
- MG Motor UK extends finance alliance with Santander [Yahoo! Finance]Yahoo! Finance
- Banco Santander, S.A. (NYSE: SAN) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Argentines Flock to Banks as Mortgage Market Awakens Under Milei [Yahoo! Finance]Yahoo! Finance
- Argentines Flock to Banks as Mortgage Market Awakens Under Milei [BNN Bloomberg (Canada)]BNN Bloomberg
SAN
Earnings
- 5/1/24 - Miss
SAN
Sec Filings
- 5/17/24 - Form 6-K
- 5/16/24 - Form CB/A
- 5/16/24 - Form 6-K
- SAN's page on the SEC website