PNM Resources (PNM) Shareholders Overwhelmingly Approve Merger with Avangrid (AGR)

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PNM Resources Shareholders Overwhelmingly Approve Merger with Avangrid

February 12, 2021 12:33 PM EST

ALBUQUERQUE, N.M., Feb. 12, 2021 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) shareholders voted overwhelmingly to approve the merger agreement with AVANGRID, Inc. at a special shareholders meeting held earlier today. Under the terms of the proposed merger, PNM Resources shareholders will receive $50.30 in cash for each share of PNM Resources common stock held at closing.

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