BBVA Adds Cash to Sabadell Takeover Bid as Both Pay Dividends

BBVA adjusted its takeover offer for Banco Sabadell SA, including a new cash component, to compensate dividend payments at both lenders.

Spain’s second-largest bank now proposes one newly issued share for every 5.0196 Sabadell shares, plus €0.29 ($0.32) in cash. The cash amount is equivalent to an interim dividend BBVA intends to pay out. The lender previously offered one of its shares for every 4.83 in Sabadell.