Spanish Banco Sabadell rejects BBVA's bid, but says they will consider it if BBVA raises their offer by 30%.

According to the WiseFinance App, the chairman of Banco Sabadell SA, a Spanish bank, has called on competitor BBVA.US to significantly increase their acquisition offer, otherwise the proposal will not be considered. Just less than a week ago, Banco Sabadell's board of directors rejected BBVA.US's $18 billion acquisition offer, stating that the price was too low.