Brief: Avangrid Says Co To Be Acquired By Iberdrola

Avangrid

17/05/2024 19:37

May 17 (Reuters) - Avangrid Inc  AGR.N :
    * AVANGRID TO BE ACQUIRED BY IBERDROLA
    * AVANGRID EXPECTS TO CONTINUE PAYING REGULAR QUARTERLY CASH
DIVIDENDS NOT TO EXCEED $0.440 PER SHARE
    * AVANGRID SHAREHOLDERS TO RECEIVE $35.75 PER SHARE
    * IBERDROLA WILL ACQUIRE REMAINING 18.4% OF ISSUED AND
OUTSTANDING
SHARES OF COMMON STOCK OF AVANGRID THAT IT DOES NOT CURRENTLY
OWN

Source text for Eikon:  ID:nBw84zNPGa 
Further company coverage:  AGR.N 

 ((Reuters.Briefs@thomsonreuters.com;))