European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>The deal has now got green light from the SEC, FERC, Maine Public Utilities Commission, and seal of approval from ISS and Glass Lewis.</li>
<li>Pending are the approval of the New York Public Service Commission and shareholder approval (GM on September 26, which should just be a formality).</li>
<li>Spread is 0.46%/3.48% (gross/annualised) based on the closing share price of September 18 and assuming both a prorated dividend of $0.1467 and settlement on November 8. Long and tender.</li>
</ul>


The deal has now got green light from the SEC, FERC, Maine Public Utilities Commission, and seal of approval from ISS and Glass Lewis.
Pending are the approval of the New York Public Service Commission and shareholder approval (GM on September 26, which should just be a formality).
Spread is 0.46%/3.48% (gross/annualised) based on the closing share price of September 18 and assuming both a prorated dividend of $0.1467 and settlement on November 8. Long and tender.


Iberdrola/Avangrid: Almost All Conditions Met

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Avangrid's fourth quarter and full-year 2023 earnings highlighted both the strides and challenges the company faced throughout the year.</li><li>CEO Pedro Azagra Blázquez and CFO Justin Lagasse outlined a strong commitment to clean energy and operational excellence, supported by detailed updates on financial performance, regulatory advancements, and project developments.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Avangrid's fourth quarter and full-year 2023 earnings highlighted both the strides and challenges the company faced throughout the year.CEO Pedro Azagra Blázquez and CFO Justin Lagasse outlined a strong commitment to clean energy and operational excellence, supported by detailed updates on financial performance, regulatory advancements, and project developments.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Avangrid Inc.: These Are The 4 Biggest Challenges In Its Path! - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>AGR minority-squeeze out arbitrage presents a profitable opportunity for arbitrage investors</li><li>Buffett's endorsement of arbitrage as a cash management strategy adds credibility to potential returns</li><li>Current premium AGR is trading at indicates confidence in a higher offer, making it an attractive short-term investment opportunity for higher returns</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

AGR minority-squeeze out arbitrage presents a profitable opportunity for arbitrage investorsBuffett's endorsement of arbitrage as a cash management strategy adds credibility to potential returnsCurrent premium AGR is trading at indicates confidence in a higher offer, making it an attractive short-term investment opportunity for higher returnsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Avangrid Inc (AGR) - Sunday, Apr 21, 2024

<ul><li>Analyzing Avangrid’s recent financial performance, it is clear that the company has demonstrated robust execution of its strategic plans and financial goals amidst various challenges.</li><li>Avangrid’s focus has been on expanding its footing in the realm of sustainable energy solutions across the United States, which aligns well with the growing shift toward renewable energy sources.</li><li>In 2023, Avangrid reported achieving a 19% growth in adjusted earnings per share, accounting for $2.09, which surpassed its initial projections.</li></ul>

Analyzing Avangrid’s recent financial performance, it is clear that the company has demonstrated robust execution of its strategic plans and financial goals amidst various challenges.Avangrid’s focus has been on expanding its footing in the realm of sustainable energy solutions across the United States, which aligns well with the growing shift toward renewable energy sources.In 2023, Avangrid reported achieving a 19% growth in adjusted earnings per share, accounting for $2.09, which surpassed its initial projections.

Avangrid Inc.: Initiation of Coverage - Their Business Strategy & Increased Investments in Renewable Energy Projects As Key Growth Levers! - Major Drivers

<ul>
<li>Post-March announcement, investors bought shares of <a href="https://www.smartkarma.com/entities/avangrid-inc" target="_blank" data-smartkarma-citation="entities:26503:1" rel="noopener">Avangrid (AGR US)</a>  in the hope of an offer sweetening, which was flagged here, as Iberdrola got $6 billion from its Mexico exit.</li>
<li>The improved $35.75/shareoffer was made in response to potential resistance from prospective minority shareholders, as the deal needs the approval of a majority of these non-Iberdrola stakeholders.</li>
<li>Spread is 3.2%/5.55% (gross/annualised) assuming $1.4667 in dividend payments (three dividends of $0.44 and a prorated dividend of $0.1467) and settlement on 30 December. Long.</li>
</ul>


Post-March announcement, investors bought shares of Avangrid (AGR US)  in the hope of an offer sweetening, which was flagged here, as Iberdrola got $6 billion from its Mexico exit.
The improved $35.75/shareoffer was made in response to potential resistance from prospective minority shareholders, as the deal needs the approval of a majority of these non-Iberdrola stakeholders.
Spread is 3.2%/5.55% (gross/annualised) assuming $1.4667 in dividend payments (three dividends of $0.44 and a prorated dividend of $0.1467) and settlement on 30 December. Long.


United States

Avangrid, Inc. operates as an energy services holding company. The Company engages in the regulated energy transmission and distribution business through wind and solar power, as well as natural gas utilities. Avangrid serves customers in the United States.

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Avangrid (AGR US)

Iberdrola/Avangrid: Almost All Conditions Met

The deal has now got green light from the SEC, FERC, Maine Public Utilities Commission, and seal of approval from ISS and Glass Lewis.

Jesus Rodriguez Aguilar

Avangrid Inc.: These Are The 4 Biggest Challenges In Its Path! - Major Drivers

Avangrid's fourth quarter and full-year 2023 earnings highlighted both the strides and challenges the company faced throughout the year. CEO Pedro...

Baptista Research

Avangrid Inc (AGR) - Sunday, Apr 21, 2024

Current premium AGR is trading at indicates confidence in a higher offer, making it an attractive short-term investment opportunity for higher returns

Value Investors Club

Avangrid Inc.: Initiation of Coverage - Their Business Strategy & Increased Investments in Renewable Energy Projects As Key Growth Levers! - Major Drivers

Analyzing Avangrid’s recent financial performance, it is clear that the company has demonstrated robust execution of its strategic plans and...

Baptista Research

Iberdrola/Avangrid: Spread

Post-March announcement, investors bought shares of Avangrid (AGR US) in the hope of an offer sweetening, which was flagged here, as Iberdrola got...

Jesus Rodriguez Aguilar

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