Sabadell's board tells shareholders to spurn BBVA's improved takeover bid

Core Viewpoint - The board of Spanish lender Sabadell has advised its shareholders to reject BBVA's improved hostile takeover bid, asserting that the offer still significantly undervalues the bank [1] Company Summary - Sabadell's board believes that the current takeover bid from BBVA does not reflect the true value of the bank, indicating a strong stance against the acquisition attempt [1]