“The Buzz” Show: PNM Resources (NYSE: PNM) to Merge with Avangrid in USD 4.3 Billion Deal | Financial Buzz

“The Buzz” Show: PNM Resources (NYSE: PNM) to Merge with Avangrid in USD 4.3 Billion Deal

FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “PNM Resources to Merge with Avangrid in USD 4.3 Billion Deal”

PNM Resources, Inc. (NYSE: PNM) shot up 9% in premarket trading as its merger into Avangrid Inc. (NYSE: AGR) was approved by the respective boards

The merger will create one of biggest clean energy companies in the US with Avangrid’s all cash offer evaluating PNM’s enterprise value at 8.3 billion dollars. 

PNM Resources is an energy holding company based in Albuquerque, N.M., with 2019 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,811 megawatts of generation capacity and provides electricity to approximately 790,000 homes and businesses in New Mexico and Texas

Avangrid, Inc. is a leading, sustainable energy company with approximately $35 billion in assets and operations in 24 states in the United States that holds the U.S. energy operations of its parent, Iberdrola. With headquarters in Orange, Connecticut, Avangrid has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States.

For more information, please visit: PNM Resources, Inc.

About The Buzz: A Financial Buzz Show on daily news, covering the most up to date financial information. The Buzz intends to provide factual and relevant information for its audience. The Buzz is 100% original content, created by Financial Buzz Media. Located on Wall Street in the heart of New York City’s financial district, FinancialBuzz.com is a credible source for the world’s latest trending financial and economic news. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content.

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!