AGR May 2024 25.000 put
| Previous Close | 0.4300 |
| Open | N/A |
| Bid | 0.0000 |
| Ask | 0.5000 |
| Strike | 25.00 |
| Expire Date | 2024-05-17 |
| Day's Range | 0.4300 - 0.4300 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 8 |
ZacksAvangrid (AGR) to be Acquired by Iberdrola in an All-Cash Deal
Avangrid (AGR) to be acquired by Iberdrola in an all-cash transaction, expected to close in fourth-quarter 2024. AGR expects to produce clean energy post-acquisition.
Business WireAvangrid to Be Acquired by Iberdrola
ORANGE, Conn., May 17, 2024--Today Avangrid, Inc. (NYSE: AGR) ("Company," "Avangrid," "we" or "our"), a leading sustainable energy company, and a member of the group of companies controlled by Iberdrola, S.A. ("Iberdrola"), announced that it has entered into a definitive agreement under which Iberdrola will acquire the remaining 18.4% of the issued and outstanding shares of common stock of Avangrid that it does not currently own for $35.75 per share in an all-cash transaction.
ReutersIberdrola to buy rest of US power firm Avangrid in $2.6 billion deal
NEW YORK (Reuters) -Spanish utility Iberdrola has agreed to acquire the remaining 18.4% stake in Avangrid that it does not already own, the U.S. subsidiary said on Friday, in an all-cash deal worth about $2.6 billion. The agreement would come after Avangrid abandoned in January an $8.3 billion deal to acquire U.S. competitor PNM Resources because it failed to secure approval from New Mexico's utility regulator more than three years after first announcing the plan. Iberdrola will pay $35.75 per share for the outstanding Avangrid stock, with the transaction expected to close in the fourth quarter, Avangrid said in its statement.
