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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of PNM Resources, Inc. (“PNM” or the “Company”) (NYSE: PNM) with AVANGRID (NYSE: AGR). Under the terms of the merger, PNM shareholders will receive $50.30 in cash for each share of PNM common stock held at closing, representing an equity value of approximately $4.3 billion.
The PNM merger investigation concerns whether the Board of PNM has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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