TXNM Energy Announces Acquisition by Blackstone Infrastructure, Maintains Local Operations and Leadership

Reuters

19 May

<a href="https://laohu8.com/S/TXNM">TXNM Energy</a> Announces Acquisition by Blackstone Infrastructure, Maintains Local Operations and Leadership

TXNM Energy Inc. has announced its agreement to be acquired by Blackstone Infrastructure. The transaction, which was unanimously approved by TXNM Energy's Board of Directors, is set to close in the second half of 2026, pending shareholder and regulatory approvals. This acquisition aims to support the ongoing development of PNM and TNMP as the energy landscape shifts towards clean energy in New Mexico and accommodates growth in Texas. TXNM Energy, along with PNM and TNMP, will maintain their local management and operations in New Mexico and Texas, ensuring continuity in customer service and community engagement. The purchase price for TXNM Energy shareholders stands at $61.25 per share. Upon the transaction's closure, Pat Collawn will step down as Executive Chair, with Don Tarry assuming the role of President and CEO.

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: LA90777) on May 19, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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