AVANGRID MERGER INVESTIGATION (AGR) - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Avangrid, Inc.
AGRAvangrid(AGR) Newsfilter·2024-05-18 03:30

WILMINGTON, Del., May 17, 2024 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, is investigating potential breach of fiduciary duty claims against the Board of Directors of Avangrid, Inc. (NYSE:AGR) ("Avangrid" or the "Company") relating to the sale of the Company to Iberdrola, S.A. ("Iberdrola"), which owns and controls over 81% of Avangrid's stock. The two parties have announced that they reached an agreement in principle pursuant to which Iberdrola will acquire Avangrid in a going private merger. As a result ...