BRIEF-Avangrid Says Co To Be Acquired By Iberdrola-March 2024-www.financetom.com

BRIEF-Avangrid Says Co To Be Acquired By Iberdrola

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BRIEF-Avangrid Says Co To Be Acquired By Iberdrola

May 17, 2024 12:08 PM

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

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