Why Avangrid Stock Jumped Today
Avangrid(AGR) The Motley Fool·2024-03-08 00:56Shares of Avangrid (AGR 12.97%) rose 13% on Thursday after the electric and gas utility and renewable energy provider announced that it has received a "take private" proposal from its majority stakeholder Iberdrola, S.A. (IBDSF 3.44%).Iberdrola wants to take Avangrid privateIn a press release earlier today, Avangrid announced it has received a non-binding proposal from electric utility giant Iberdrola to acquire all issued and outstanding common shares of Avangrid it doesn't already own for $34.25 in cash p ...