Avangrid Inc
AGR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$69.24 | Bwdy | Ybcmbdkp |
Avangrid: Iberdrola Increases Its Proposal Modestly; Buyout Is Best Option for Shareholders
We are increasing our Avangrid fair value estimate to $35.75 per share from $35 after Iberdrola proposed to acquire the 18.4% of its shares it does not own for $35.75 per share in an all-cash transaction. We previously increased our fair value above Iberdrola's proposed initial takeover offer of $34.25 based on our belief that Iberdrola would need to increase its offer to gain shareholder approval.