BRIEF-Txnm Energy Enters Agreement To Be Acquired By Blackstone Infrastructure

Reuters
19 May
BRIEF-Txnm Energy Enters Agreement To Be Acquired By Blackstone Infrastructure

May 19 (Reuters) - TXNM Energy Inc TXNM.N:

  • TXNM ENERGY ENTERS AGREEMENT TO BE ACQUIRED BY BLACKSTONE INFRASTRUCTURE

  • TXNM ENERGY INC - BLACKSTONE INFRASTRUCTURE TO BUY TXNM ENERGY FOR $61.25 PER SHARE

  • TXNM ENERGY INC - ACQUISITION REFLECTS TOTAL ENTERPRISE VALUE OF $11.5 BILLION

  • TXNM ENERGY INC - PAT COLLAWN TO STEP DOWN AS EXECUTIVE CHAIR

  • TXNM ENERGY INC - BLACKSTONE INFRASTRUCTURE INVESTS $400 MILLION IN TXNM ENERGY STOCK

  • TXNM ENERGY INC: DON TARRY WILL OVERSEE CONTINUING OPERATIONS OF TXNM ENERGY AS PRESIDENT AND CEO

  • TXNM ENERGY INC: BLACKSTONE INFRASTRUCTURE IS FUNDING PURCHASE PRICE ENTIRELY WITH EQUITY

  • TXNM ENERGY INC - EQUITY TO BE ISSUED AS PART OF DEAL IMPACTS CO'S PREVIOUSLY ISSUED 2025 ONGOING EARNINGS GUIDANCE

  • TXNM ENERGY INC - DOES NOT PLAN TO ISSUE REVISED EARNINGS GUIDANCE DURING PENDING DEAL

Source text: ID:nPn7GjCJMa

Further company coverage: TXNM.N

((Reuters.Briefs@thomsonreuters.com;))

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