Sabadell's board issues unfavourable opinion on BBVA's hostile takeover bid

Core Viewpoint - The board of Spanish lender Sabadell has issued an unfavorable recommendation regarding BBVA's hostile takeover bid, stating that the offer undervalues the bank [1] Company Summary - Sabadell's board believes that BBVA's bid does not reflect the true value of the bank, indicating potential undervaluation in the market [1]