From Yahoo Finance: 2025-05-19 10:22:00

TXNM Energy shareholders will receive $61.25 per share in cash after Blackstone’s infrastructure division agreed to buy the company for $11.5 billion. This is a 16% premium to TXNM’s closing price on Friday, leading to a record high in TXNM Energy shares on Monday. Blackstone Infrastructure plans to invest $400 million to support TXNM’s growth and engage in long-term investments. TXNM Energy’s Executive Chair will step down, and the current Chair and CEO will take over operations. Following the news, TXNM Energy shares surged 7% to $56.60, while Blackstone shares slipped 1%.



Read more at Yahoo Finance: TXNM Energy Stock Hits All-Time High on $11.5B Blackstone Deal