Avangrid Inc AGR:NYSE

Last Price$48.61NYSE Previous Close - Last Trade as of 7:00PM ET 5/24/22

Today's Change+0.96(2.01%)
Bid (Size)$45.00 (1)
Ask (Size)$55.56 (1)
Day Low / High$46.76 - 48.69
Volume837.1 K

Avangrid, PNM Resources Extend Merger Agreement; File Notice of Appeal With New Mexico Supreme Court

2:55PM ET 1/04/2022 MT Newswires
Avangrid (AGR) said Tuesday it extended its merger agreement with PNM Resources (PNM) to April 20, 2023.

Either party may terminate the deal it's not consummated by that date, subject to conditions and a three-month extension by mutual consent, according to the statement.

The companies have filed a notice of appeal with the New Mexico Supreme Court over the December 2021 rejection by the New Mexico Public Regulation Commission of a stipulated agreement for merger approval, Avangrid said.

The merger received approval from five federal agencies and the Public Utility Commission of Texas in 2021, according to the company.

Price: 49.82, Change: +0.18, Percent Change: +0.36