Avangrid Shareholders Approve Merger Agreement And All Proposals At 2024 Annual Meeting, Iberdrola To Acquire Remaining 18.4% And Take Avangrid Private
Portfolio Pulse from Benzinga Newsdesk
Avangrid shareholders have approved a merger agreement at the 2024 annual meeting, allowing Iberdrola to acquire the remaining 18.4% of Avangrid and take the company private.
September 26, 2024 | 1:27 pm
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Avangrid shareholders have approved a merger agreement with Iberdrola, which will acquire the remaining 18.4% of Avangrid and take the company private.
The approval of the merger agreement by Avangrid shareholders is a significant step towards the company being taken private by Iberdrola. This is likely to positively impact Avangrid's stock price in the short term as the acquisition process progresses.
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