BBVA announced this week that it had approached its competitor with a buyout offer through a share swap, nearly four years after previous talks on a merger between Spain's second- and fourth-largest banks failed.
Sabadell, Morgan Stanley and Goldman Sachs declined to comment.
(1 U.S. dollar = 0.9350 euros)
(Reporting by Jesús Aguado and Andrés González; editing by Tommy Reggiori Wilkes; Spanish edition by Benjamín Mejías Valencia)