May 17 (Reuters) - Avangrid Inc ( AGR ):

* 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:

Further company coverage: