PNM Resources and Avangrid agree to merger extensionMerger Agreement • June 20th, 2023 • PNM Resources Inc • Electric services
(ALBUQUERQUE, N.M.) – PNM Resources (NYSE: PNM) and Avangrid have mutually agreed to an amendment and extension of their merger agreement through December 31, 2023. The agreement can be further extended by three months upon mutual agreement from the companies.
AMENDMENT NO. 3 TO MERGER AGREEMENTMerger Agreement • June 20th, 2023 • PNM Resources Inc • Electric services
This AMENDMENT NO. 3 TO MERGER AGREEMENT, dated as of June 19, 2023 (this “Amendment No. 3”), is by and between Avangrid, Inc., a New York corporation (“Parent”), NM Green Holdings, Inc., a New Mexico corporation and direct subsidiary of Parent (“Merger Sub”), and PNM Resources, Inc., a New Mexico corporation (the “Company” and, together with Parent and Merger Sub, the “Parties” and each, a “Party”). Any capitalized term used but not defined herein shall have the meaning ascribed to such term in the Merger Agreement (as defined below).
