Tag #Hostile Takeover

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cincodias.elpais.com

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Sep 20, 10:17

BBVA's Hostile Takeover Bid for Banco Sabadell: A Critical Analysis

After 16 months, BBVA's hostile takeover bid for Banco Sabadell enters its final phase, leaving Sabadell shareholders to decide whether to accept, prompting analysis on the long-term value generation for both involved parties.

BBVA's Hostile Takeover Bid for Banco Sabadell: A Critical Analysis

After 16 months, BBVA's hostile takeover bid for Banco Sabadell enters its final phase, leaving Sabadell shareholders to decide whether to accept, prompting analysis on the long-term value generation for both involved parties.

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What are the immediate implications of BBVA's hostile takeover bid for Banco Sabadell shareholders?

Sabadell shareholders face pressure to accept or abstain from BBVA's offer. The decision significantly impacts their immediate financial returns, depending on the offer price and the perceived long-term value of Sabadell as an independent entity. The outcome will also affect market stability and investor confidence in the Spanish banking sector.

elmundo.es

🌐 85% Global Worthiness

Sep 12, 10:19

Banco Sabadell Unanimously Rejects BBVA's Takeover Bid

Banco Sabadell's board unanimously rejected BBVA's takeover offer, citing significant undervaluation and potential risks, while one board member abstained.

Banco Sabadell Unanimously Rejects BBVA's Takeover Bid

Banco Sabadell's board unanimously rejected BBVA's takeover offer, citing significant undervaluation and potential risks, while one board member abstained.

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What are the key risks highlighted by Banco Sabadell regarding BBVA's offer?

Sabadell points to BBVA's high exposure to emerging markets, leading to higher capital costs and volatility, and a less attractive shareholder remuneration compared to Sabadell's own plans. Additionally, the offer's structure presents risks around illiquidity, tax implications for shareholders, and the possibility of a second, potentially dilutive, OPA.

elpais.com

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Jul 26, 10:09

Sabadell's Share Price Soars Amidst BBVA Takeover Bid

Amidst a hostile takeover bid from BBVA, Sabadell's share price has surged 65% due to strong fundamentals, shareholder return pledges, and a new strategic plan focused on Spain, leading analysts to predict further price increases if the bid fails.

Sabadell's Share Price Soars Amidst BBVA Takeover Bid

Amidst a hostile takeover bid from BBVA, Sabadell's share price has surged 65% due to strong fundamentals, shareholder return pledges, and a new strategic plan focused on Spain, leading analysts to predict further price increases if the bid fails.

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What is the current market valuation of Sabadell, and how would its share price likely change if the BBVA takeover bid fails?

The BBVA's hostile takeover bid for Sabadell has led to a 65% increase in Sabadell's share price since May 2024. Analysts now believe that if the bid fails, Sabadell's share price will likely rise further, fueled by its strong fundamentals and shareholder return promises. This puts pressure on BBVA to improve its offer.

elpais.com

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Jun 5, 19:14

Catalan Parliament Rejects BBVA's Sabadell Takeover Bid

The Catalan Parliament overwhelmingly voted against BBVA's hostile takeover bid for Banco Sabadell on Thursday, urging the Spanish government to block the merger due to concerns about its negative impact on the Catalan economy and social stability.

Catalan Parliament Rejects BBVA's Sabadell Takeover Bid

The Catalan Parliament overwhelmingly voted against BBVA's hostile takeover bid for Banco Sabadell on Thursday, urging the Spanish government to block the merger due to concerns about its negative impact on the Catalan economy and social stability.

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What is the immediate impact of the Catalan Parliament's rejection of BBVA's bid on Banco Sabadell?

The Catalan Parliament overwhelmingly rejected BBVA's hostile takeover bid of Banco Sabadell, with only the PP, Vox, and CUP dissenting. The motion urges the Spanish government to block the merger, citing concerns about its impact on the Catalan economy and social stability. This broad opposition highlights the political sensitivity surrounding the deal.

theglobeandmail.com

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May 20, 04:08

Strathcona's Hostile Takeover Bid Signals Confidence in Canadian Oil Sands Future

Strathcona Resources Ltd. launched a $5.93-billion hostile takeover bid for MEG Energy Corp. on March 23, reflecting confidence in new federal energy policies and the Trans Mountain pipeline expansion following discussions between the CEO and Prime Minister Carney.

Strathcona's Hostile Takeover Bid Signals Confidence in Canadian Oil Sands Future

Strathcona Resources Ltd. launched a $5.93-billion hostile takeover bid for MEG Energy Corp. on March 23, reflecting confidence in new federal energy policies and the Trans Mountain pipeline expansion following discussions between the CEO and Prime Minister Carney.

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What are the immediate implications of Strathcona's hostile takeover bid for MEG Energy, considering the recent political context and energy sector dynamics?

Strathcona Resources Ltd. launched a $5.93-billion hostile takeover bid for MEG Energy Corp., demonstrating confidence in the newly elected federal Liberals' energy policies and the Trans Mountain pipeline expansion. This follows a meeting between Strathcona's CEO and Prime Minister Carney, where they discussed lifting the carbon emissions cap and expediting project approvals. The bid, at a 9.3 percent premium, is expected to spark a bidding war.

welt.de

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Mar 14, 13:11

Unicredit's Commerzbank Bid Faces Resistance Amid Job Cuts

Unicredit holds nearly 28% of Commerzbank shares, aiming for a takeover despite opposition from the German government and Commerzbank itself, which is cutting 3,900 jobs while maintaining overall workforce numbers. A decision is delayed until next year.

Unicredit's Commerzbank Bid Faces Resistance Amid Job Cuts

Unicredit holds nearly 28% of Commerzbank shares, aiming for a takeover despite opposition from the German government and Commerzbank itself, which is cutting 3,900 jobs while maintaining overall workforce numbers. A decision is delayed until next year.

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What are the key sources of opposition to Unicredit's takeover bid, and how might they impact the outcome?

Unicredit's pursuit of Commerzbank is facing significant resistance. The German government, holding 12% of Commerzbank due to a 2008 bailout, and Commerzbank itself have voiced opposition. Commerzbank's management is actively defending against the takeover attempt, highlighting its own strategy and profitability plans.

cincodias.elpais.com

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Sep 18, 10:18

BBVA's Hostile Bid for Sabadell Faces Valuation Challenges

BBVA's hostile takeover bid for Banco Sabadell, primarily using shares valued at €15.2 billion based on BBVA's share price, faces challenges due to Sabadell's higher market capitalization (€16.1 billion) and questions surrounding BBVA's return on investment.

BBVA's Hostile Bid for Sabadell Faces Valuation Challenges

BBVA's hostile takeover bid for Banco Sabadell, primarily using shares valued at €15.2 billion based on BBVA's share price, faces challenges due to Sabadell's higher market capitalization (€16.1 billion) and questions surrounding BBVA's return on investment.

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How do differing estimations of cost savings affect the viability of BBVA's acquisition?

BBVA projects €900 million in cost savings by 2029 (€630 million after tax), leading to a 14% ROI. However, Sabadell argues that the actual net cost savings will be only €220 million due to factors like the special bank tax, leading to an 11.5% ROI, potentially below BBVA's cost of capital.

elpais.com

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Sep 5, 07:19

BBVA's Hostile Takeover Bid for Sabadell Nears Completion

After 16 months, BBVA's hostile takeover bid for Banco Sabadell is entering its final phase, pending the CNMV's approval of the offer document, expected next week, with market pressure mounting on BBVA to increase its bid.

BBVA's Hostile Takeover Bid for Sabadell Nears Completion

After 16 months, BBVA's hostile takeover bid for Banco Sabadell is entering its final phase, pending the CNMV's approval of the offer document, expected next week, with market pressure mounting on BBVA to increase its bid.

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What factors are influencing the market's pressure on BBVA to improve its bid?

Sabadell's share price trading above BBVA's offer price (trading at €3.25 vs. the offered €2.97), resulting in a negative premium, and Sabadell's planned €2.5 billion dividend payment upon the sale of its British subsidiary in 2026, create pressure for BBVA to sweeten the deal with a cash component.

elpais.com

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Jun 30, 19:17

BBVA Maintains Hostile Takeover Bid for Sabadell Despite Government Conditions

BBVA's board unanimously decided to proceed with its hostile takeover bid for Sabadell, despite a government-mandated three-year separation, aiming to create Spain's second-largest bank and increase annual financing by €5 billion.

BBVA Maintains Hostile Takeover Bid for Sabadell Despite Government Conditions

BBVA's board unanimously decided to proceed with its hostile takeover bid for Sabadell, despite a government-mandated three-year separation, aiming to create Spain's second-largest bank and increase annual financing by €5 billion.

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What is the immediate impact of the Spanish government's condition on BBVA's takeover bid for Sabadell?

BBVA's hostile takeover bid for Sabadell remains active, despite a government-imposed three-year separation condition. The decision, made unanimously by BBVA's board, prioritizes the creation of Spain's second-largest bank, potentially generating €5 billion in additional annual financing for families and businesses.

theglobeandmail.com

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May 30, 22:11

Strathcona's $5.9B Hostile Takeover Bid for MEG Energy

Strathcona Resources Ltd. is launching a $5.9-billion hostile takeover bid for MEG Energy Corp., offering MEG shareholders 0.62 Strathcona shares and $4.10 cash per share; if successful, Adam Waterous's Waterous Energy Fund will control 51 percent of the combined company.

Strathcona's $5.9B Hostile Takeover Bid for MEG Energy

Strathcona Resources Ltd. is launching a $5.9-billion hostile takeover bid for MEG Energy Corp., offering MEG shareholders 0.62 Strathcona shares and $4.10 cash per share; if successful, Adam Waterous's Waterous Energy Fund will control 51 percent of the combined company.

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How did Strathcona's recent asset sales influence its takeover bid, and what role did prior communications between the two companies play?

This takeover reflects the current high valuation of Canadian energy assets, as evidenced by Waterous Energy Fund's willingness to invest $662 million for a majority stake. The deal is structured to benefit MEG shareholders with a premium on their shares, higher earnings and cash flow, and an improved credit rating.

theglobeandmail.com

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Apr 8, 04:11

Plantro's Controversial Mini-Tender Offer for ISC Shares Rejected

Plantro Ltd. made a mini-tender offer for up to 15 percent of ISC's Class A shares at $27.25 each, a 10 percent premium, which ISC called "coercive" and rejected, citing concerns about Plantro's attempt to gain board control without paying a control premium and the precedent this bid sets.

Plantro's Controversial Mini-Tender Offer for ISC Shares Rejected

Plantro Ltd. made a mini-tender offer for up to 15 percent of ISC's Class A shares at $27.25 each, a 10 percent premium, which ISC called "coercive" and rejected, citing concerns about Plantro's attempt to gain board control without paying a control premium and the precedent this bid sets.

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How does Plantro's past dealings with D&D shed light on its motives and strategies in the ISC bid?

This mini-tender offer by Plantro is a strategic move to influence ISC's board without a formal takeover bid, exploiting market volatility. ISC's rejection highlights concerns about market fairness and investor protection. Plantro's previous actions with D&D, including a failed bid and subsequent stock sale, add to the controversy surrounding this offer.

cincodias.elpais.com

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Feb 16, 10:10

CNMC to Decide on BBVA's Hostile Bid for Sabadell Amidst Competition Concerns

BBVA's hostile takeover bid for Banco Sabadell faces a crucial decision by Spain's CNMC, which is evaluating the proposed remedies to address competition concerns, particularly in the SME sector, with Sabadell demanding structural changes instead of BBVA's proposed behavioral commitments.

CNMC to Decide on BBVA's Hostile Bid for Sabadell Amidst Competition Concerns

BBVA's hostile takeover bid for Banco Sabadell faces a crucial decision by Spain's CNMC, which is evaluating the proposed remedies to address competition concerns, particularly in the SME sector, with Sabadell demanding structural changes instead of BBVA's proposed behavioral commitments.

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What are the potential long-term implications of the CNMC's decision on the Spanish banking sector's competitive structure and the access of SMEs to credit?

The CNMC's decision will significantly impact Spain's banking landscape and SME access to credit. If the CNMC accepts BBVA's behavioral remedies, it sets a precedent potentially impacting future mergers. However, if it sides with Sabadell's demand for structural changes, it could reshape merger approval processes, affecting future consolidation in the Spanish banking sector. The government also retains veto power.

Showing 1 to 12 of 18 results