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Spain’s Iberdrola makes $4.3 billion cash bid for PNM Resources in New Mexico

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Reuters: Spain’s Iberdrola announced a deal worth $8.3 billion including debt on Wednesday, adding PNM Resources to its Avangrid business to create the third-largest U.S. renewable energy operator. Absorbing PNM into Avangrid will create an operator present in 24 states, Iberdrola said, and bring together firms with a combined market value topping $20 billion. PNM’s […]

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