PNM Resources, Inc.

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PNM RESOURCES MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF PNM RESOURCES, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – PNM

October 21, 2020.

New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of PNM Resources, Inc. (NYSE: PNM) to Avangrid, Inc. for $50.30 in cash per share is fair to PNM Resources shareholders. On behalf of PNM Resources shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

The PNM Resources merger investigation concerns whether PNM Resources and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for PNM Resources shareholders; (2) determine whether Avangrid is underpaying for PNM Resources; and (3) disclose all material information necessary for PNM Resources shareholders to adequately assess and value the merger consideration.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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