Mergers
BBVA and Sabadell lose clients in Spain due to ongoing takeover
BBVA and Banco Sabadell have lost market share among retail clients in Spain after 17 months of the takeover bid launched by BBVA in May 2024. BBVA records the sector's largest drop, to 16.5%, while competitors like Santander and ING gain ground. The National Securities Market Commission (CNMV) will reveal the bid's outcome this Friday.
Kering sells beauty division to L’Oréal for 4 billion euros
Kering has finalized the sale of its beauty and perfumes activities to L’Oréal for around 4 billion euros. This deal marks the first major decision by Luca de Meo, the group's new CEO since last month. The agreement, revealed by the Wall Street Journal the day before, builds on a long history of collaboration between the two French companies.
Sabadell's board rejects BBVA's takeover bid again and raises dividend
Banco Sabadell's board of directors has rejected BBVA's hostile takeover bid for a second time. The bank has decided to raise its dividend as a measure to strengthen its position. This decision comes amid regulatory scrutiny in the European Union.
Sabadell loses 1.1 billion in stock market after BBVA takeover failure
After the failure of BBVA's takeover bid (OPA) on Banco Sabadell, Sabadell shares fell 6.78% on Friday, losing over 1.1 billion euros in market value. In contrast, BBVA shares rose 5.9%, recovering 5.475 billion euros. The market rewarded BBVA for removing capital risks and announcing historic dividends.
Electronic Arts eyes record buyout amid stock surge
AI द्वारा रिपोर्ट किया गया
Electronic Arts shares surged on reports of a potential record buyout deal. The video game publisher's stock jumped in premarket and midday trading on September 29, 2025. Investors are weighing whether the deal benefits shareholders.