Avangrid Contemplates Major Takeover Bid by Iberdrola
Company Announcements

Avangrid Contemplates Major Takeover Bid by Iberdrola

Avangrid (AGR) has shared an update.

Avangrid, Inc. is considering a significant acquisition proposal from Iberdrola, S.A., who seeks to purchase all outstanding shares not already under its control for $34.25 per share. While Iberdrola already owns the majority of Avangrid’s stock, the deal hinges on the approval of the independent committee and the majority of the minority shareholders. The outcome remains uncertain, as the Board emphasizes that this initial proposal is non-binding and subject to change or withdrawal.

For a thorough assessment of AGR stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyAvangrid reports Q3 adjusted EPS 55c, consensus 33c
Catie PowersAGR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
TheFlyAvangrid subsidiary awarded $31.8M in federal funding
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App