{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-141591","form_type":"8-K","ticker":null,"cik":"0001634997","company_name":"Avangrid, Inc.","filed_at":"2024-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.346322+00:00","generated_at":"2026-06-01T16:04:13.305143+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Iberdrola to acquire remaining 18.4% of Avangrid for $35.75/share in all-cash deal","bullets":["Iberdrola to pay $35.75 per share for Avangrid stock it doesn't already own, representing an 11.4% premium over March 6 close.","Transaction values the remaining 18.4% stake; expected to close in Q4 2024 subject to regulatory approvals (FERC, Maine PUC, NY PSC).","Avangrid's Special Committee unanimously approved; Moelis & Co acted as financial advisor to the Special Committee.","Avangrid will continue paying regular quarterly dividends up to $0.44 per share until closing.","Shareholder approval requires three separate majorities: all shares, shares held by unaffiliated shareholders, and shares excluding Iberdrola and certain insiders."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-141591","json":"https://secwatch.observer/filing/0001193125-24-141591.json","markdown":"https://secwatch.observer/filing/0001193125-24-141591.md","text":"https://secwatch.observer/filing/0001193125-24-141591.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1634997/000119312524141591/0001193125-24-141591-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1634997/000119312524141591/d807695d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T16:04:13.305143+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1d14f9d39a4ac36a9443f3c1fad3747412da0b89","claim":"Avangrid, Inc. entered into Agreement and Plan of Merger with Iberdrola, S.A. and Arizona Merger Sub, Inc. valued at $35.75 per share (effective 2024-05-17).","evidence_excerpt":"On May 17, 2024, Avangrid, Inc., a New York corporation (“Avangrid”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Iberdrola, S.A., a corporation organized under the laws of Spain (“Parent”), and Arizona Merger Sub, Inc., a New York corporation and wholly-owned subsidiary of Parent (“Merger Sub”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1634997/000119312524141591/0001193125-24-141591-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Iberdrola, S.A. and Arizona Merger Sub, Inc."},{"label":"Value","value":"$35.75 per share"},{"label":"Effective","value":"2024-05-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}