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Stock impact report

Maine Public Utilities Commission Approves Avangrid's Request for Merger Exemption [Yahoo! Finance]

Avangrid, Inc. (AGR) 
Last avangrid, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
ORANGE, Conn., September 18, 2024 BUSINESS WIRE )--Today Avangrid, Inc. (NYSE: AGR) ("Avangrid"), a leading sustainable energy company, and a member of the group of companies controlled by Iberdrola, S.A. ("the Iberdrola Group"), announced that the Maine Public Utilities Commission (the "Maine PUC") granted Avangrid's request for an exemption from approval requirements for a change in ownership of Avangrid in connection with Iberdrola S.A.'s ("Iberdrola") acquisition of the remaining 18.4% of the issued and outstanding shares of common stock of Avangrid that it does not currently own. In Maine, this transaction will simply revert to Iberdrola's previously authorized 100% interest it held following its acquisition of Avangrid's predecessor in 2008. The Maine Public Utilities Commission's final written order providing for the exemption is expected to follow. In considering Avangrid's request for exemption, commissioners and commission staff relied heavily on facts contained in Iberdr Show less Read more
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