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Why Energy Holding Company PNM Resources Shares Are Sliding Today

Benzinga

Sustainable energy company Avangrid Inc (NYSE: AGR ), a member of the Iberdrola S.A. OTC: IBDRY ) (OTC: IBDSF ) Group, has terminated the merger agreement with PNM Resources, Inc (NYSE: PNM ) as all final regulatory approvals were not received by December 31, 2023.

Equity 64
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Avangrid Withdraws $4.3B Bid For US Utility Co. PNM

Law 360 M&A

Avangrid Inc., subsidiary of a Spanish utility company, said Tuesday that it has abandoned its proposed $4.3 billion takeover of rival PNM Resources Inc. after failing to win regulatory approval for the transaction in New Mexico.

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