secwatch.observer — SEC 8-K summary
======================================

Issuer:     Avangrid, Inc. (—)
CIK:        0001634997
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001193125-24-284174
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avangrid completes $35.75/share all-cash merger with Iberdrola; stock delisted
------------------------------------------------------------------------------

- Merger completed on Dec 23, 2024; shareholders receive $35.75 per share in cash, no interest.
- Common stock (AGR) delisted from NYSE; deregistration under Section 12(b) requested.
- All prior directors resigned; David José Mesonero Molina, Gonzalo Cerón Hernández, África Benito de Valle Villalba appointed.
- Avangrid becomes wholly-owned subsidiary of Iberdrola; shareholder agreement terminated.
- Quarterly dividend of $0.40 per share to be paid pro-rata on Jan 2, 2025 to holders as of Dec 2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1634997/000119312524284174/0001193125-24-284174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1634997/000119312524284174/d784430d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-284174

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer