BBVA falls far short of securing 30% in takeover deal for Sabadell

Core Viewpoint - BBVA's hostile takeover bid for Sabadell was unsuccessful as it failed to secure at least 30% of Sabadell's shares in a public tender offer earlier this month [1] Company Summary - BBVA attempted a hostile takeover of smaller rival Sabadell [1] - The takeover bid was made public earlier this month [1] - The failure to secure the necessary share percentage indicates challenges in the consolidation efforts within the banking sector [1]