Watching Avangrid; Traders Circulate Senator Richard Blumenthals Office In Connecticut Looking Into Iberdola Acquisition Of AGR
Portfolio Pulse from Benzinga Newsdesk
Senator Richard Blumenthal's office in Connecticut is investigating the acquisition of Avangrid (AGR) by Iberdrola. This scrutiny could impact the acquisition process and Avangrid's stock price.
October 17, 2024 | 3:34 pm
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Senator Richard Blumenthal's office is investigating the acquisition of Avangrid by Iberdrola, which could impact the acquisition process and Avangrid's stock price.
The investigation by Senator Blumenthal's office introduces regulatory scrutiny, which could delay or complicate the acquisition process. This uncertainty is likely to negatively impact Avangrid's stock price in the short term.
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