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Article: Compass Bancshares to Be Acquired by Banco Bilbao Vizcaya Argentaria, S.A.
- Article from:
- Business Wire
- Article date:
- February 16, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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$9.6 Billion Transaction Provides Compelling Value for Compass Shareholders
Combination Creates a Full-Service and Commercial Banking Leader in Texas and a Southwestern Powerhouse Well-Positioned for Continued Success across the High-Growth Sunbelt
BIRMINGHAM, Ala. -- Compass Bancshares, Inc. (NASDAQ: CBSS) today announced the signing of a definitive agreement under which Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBV)(MAD: BBVA) ("BBVA") will acquire Compass for a combination of cash and stock. Compass stockholders can elect to receive either 2.8 BBVA American Depository Shares ("ADSs") or $71.82 in cash per Compass common share, subject to ...