Bancomer accepts $1.85 billion bid from BBVA

Article Abstract:

The article discusses how Mexico's Grupo Financiero Bancomer SA has accepted a sweetened, $1.85 billion (Euro1.94 billion) takeover bid from Banco Bilbao Vizcaya Argentaria SA instead of a rival bid from Grupo Financiero Banamex-Accival SA.

Brief Article, Grupo Financiero Banamex-Accival SA

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BBVA suggests it won't boost offer for Bancomer

Article Abstract:

Banco Bilbao Vizcaya Argentaria SA (BBVA) asserted that it was not considering increasing its offer to acquire Grupo Financiero Bancomer SA. BBVA offered to acquire Bancomer for $1.2 billion (1.32 billion euros).

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Citigroup agrees to buy EAB for regional boost

Article Abstract:

Citigroup Inc. will acquire EAB, the Long Island, New York bank, from Netherlands-based bank ABN Amro Holding N.V. for $1.6 billion (Euro1.72 billion)., and the assumption of $350 million in preferred stock.

Author: Beckett, Paul
United States, Netherlands, ABN AMRO Holding N.V., Citigroup Inc. (New York, New York), C, European American Bank

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Subjects list: Banking industry, Commercial banks, Mergers, acquisitions and divestments, Financial services industry, Financial services, Mexico, Spain, Banco Bilbao Vizcaya Argentaria S.A., Grupo Financiero BBVA-Bancomer S.A. de C.V.
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