Affiliates of Blackstone Infrastructure have reached an agreement to acquire all outstanding common stock of TXNM Energy for $61.25 per share. TXNM Energy shareholders approved the transaction on August 28, 2025. Applications seeking regulatory approvals were submitted on August 25, 2025, and the company anticipates closing the acquisition in the second half of 2026, pending satisfaction or waiver of customary closing conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TXNM Energy Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA11561) on October 31, 2025, and is solely responsible for the information contained therein.
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