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March 31, 2023
Home » Avangrid to Acquire PNM Resources for $4.3B
Avangrid is poised to expand into the Southwest after announcing Wednesday that it will spend $4.3 billion in cash to acquire PNM Resources, which operates regulated utilities in New Mexico and Texas. Connecticut-based Avangrid has agreed to pay $50.30/share for PNM, a 19.3% premium over its average closing price over...
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