PNM Resources And Avangrid Agree To Merger Extension Through December 31, 2023
Portfolio Pulse from Benzinga Newsdesk
PNM Resources and Avangrid have agreed to extend their merger agreement through December 31, 2023. The extension allows both companies more time to complete the necessary regulatory approvals.
June 20, 2023 | 10:31 am
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NEUTRAL IMPACT
Avangrid extends its merger agreement with PNM Resources through December 31, 2023, allowing more time for regulatory approvals.
The extension of the merger agreement between Avangrid and PNM Resources is a neutral event in the short term. It provides more time for both companies to obtain the necessary regulatory approvals, but does not guarantee a successful merger. The stock price is likely to remain stable until further developments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
PNM Resources extends its merger agreement with Avangrid through December 31, 2023, providing more time for regulatory approvals.
The extension of the merger agreement between PNM Resources and Avangrid is a neutral event in the short term. It provides more time for both companies to obtain the necessary regulatory approvals, but does not guarantee a successful merger. The stock price is likely to remain stable until further developments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100