The CNMV has authorized BBVA's modified takeover bid for Banco Sabadell, allowing shareholders to accept until October 10. The revised offer eliminates cash components, increasing the bid's value by 10% and avoiding tax for Sabadell shareholders. BBVA's chairman calls it an extraordinary offer, while Sabadell's CEO criticizes it as inferior to the original proposal. Sabadell has five days to respond officially. Teljes cikk (Euronews.com)