secwatch / observer
8-K filed December 23, 2024, 6:59 PM ET CIK 0001634997
M&A confidence high sentiment neutral materiality 1.00

Avangrid, Inc.: M&A transaction — Avangrid completes $35.75/share all-cash merger with Iberdrola; stock delisted

Avangrid, Inc.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Avangrid, Inc.: Amended and Restated By-Laws amended and restated in their entirety following merger.

Change
bylaw amendment
Exact text from the filing
the Amended and Restated By-Laws of the Company, as in effect immediately prior to the Effective Time, were amended and restated in their entirety to be in the form of the bylaws attached as Exhibit 3.2 to this Current Report
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Avangrid, Inc.: Certificate of Incorporation amended and restated following merger.

Change
charter amendment
Exact text from the filing
Immediately following the Effective Time, the Certificate of Incorporation of the Surviving Corporation was amended and restated to be in the form of the certificate of incorporation attached as Exhibit 3.1 to this Current Report
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Avangrid, Inc. underwent a change of control involving Iberdrola, S.A. for $35.75 per share of Common Stock in cash (closed 2024-12-23).

Action
change of control
Counterparty
Iberdrola, S.A.
Consideration
$35.75 per share of Common Stock in cash
Closing
2024-12-23
Exact text from the filing
subsidiary of Avangrid, and in each case not held on behalf of third parties) was automatically cancelled and ceased to exist and was converted into the right to receive $35.75 per share of Common Stock in cash (the “ Per Share Merger Consideration ”), without interest. Pursuant to the terms and conditions set forth in the Merger Agreement, immediately
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-24-284174
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