Trending: Iberdrola Makes $2.5 Billion Bid for Avangrid
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Dow Jones
09:57 ET -- Iberdrola is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The Spanish electric utility made an offer to take full ownership in subsidiary Avangrid for about $2.49 billion, in a bid to boost its exposure to the U.S. Avangrid houses Iberdrola's U.S. renewable-energy assets as well as electric and natural-gas utilities. Iberdrola plans to buy out the remaining 18.4% of Avangrid it doesn't already own for $34.25 a share in cash. Dow Jones & Co. owns Factiva. (zaeem.shoaib@wsj.com)
(END) Dow Jones Newswires
March 07, 2024 10:12 ET (15:12 GMT)
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