AVANGRID (AGR) to Acquire PNM Resources (PNM) for $50.30/Share
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AVANGRID and PNM Resources Announce Merger Plans
October 21, 2020 3:00 AM EDTStrategic transaction furthers AVANGRIDs growth in both clean energy distribution and transmission - expands leadership position in renewables All Cash Offer for PNM Resources shares at $50.30 per share $8.3 billion enterprise value transaction Creates one of biggest clean energy companies in the US with ten regulated utilities in six states and third largest renewables company with operations in 24 states Majority shareholder IBERDROLA supports the transaction and has provided a funding commitment letter
ORANGE, Conn.--(BUSINESS WIRE)-- AVANGRID (NYSE: AGR), a... More
