Banco Sabadell, after obtaining a number of tender acceptances that represented over 90% of the TSB shareholding for which the tender had been made, decided to exercise their right to the compulsory acquisition (or squeeze out) of the remaining shareholders in TSB that had not accepted the tender, under the same tender conditions, pursuant to English Companies Law, in this way acquiring 100% of the TSB shareholding.
More information on this significant event reported to the CNMV.
