AVANGRID to acquire PNM Resources in $4.3B merger

AVANGRID will acquire all outstanding shares of PNM Resources for $50.30 per share in cash, representing an equity value of approximately $4.3 billion. The merger creates a leading U.S. regulated utility and renewable energy platform.

“The agreement, which has been unanimously approved by both companies’ Boards of Directors, creates a leading U.S. regulated utility and renewable energy platform.”sec.gov

• 1 source
• sec.govEX-99.1Oct 21, 2020

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