Blackstone Infrastructure has agreed to acquire TXNM Energy for $61.25 per share in cash, reflecting a total enterprise value of $11.5bn including net debt and preferred stock. The acquisition ...

As part of the companies’ transaction, Blackstone has committed to buying $400 million worth of TXNM stock at $50 per share next month. Those proceeds will help fund the utility’s growth investments ...

Blackstone Infrastructure has agreed to pay $61.25 a share for the TXNM, the companies said Monday, a roughly 16% premium to Friday’s closing price of $52.88 for the Albuquerque, N.M., company ...

Blackstone Infrastructure will acquire utility company TXNM Energy in an $11.5 billion deal, including debt, as the investment firm bets on rising U.S. electricity demand and a shift to cleaner ...

Blackstone Infrastructure agreed to acquire TXNM Energy for $61.25/share in cash, reflecting a total enterprise value of $11.5B including net debt.

Context News. U.S. electricity provider TXNM Energy said on May 19 that it had agreed to be acquired by Blackstone Infrastructure for $11.5 billion, including net debt and preferred stock.

Blackstone's TXNM buyout offers an 11% arbitrage spread. Check out the risks, stock valuation, and why this low-risk deal could be a smart growth market play.

Blackstone Inc. is in talks to acquire TXNM Energy Inc., the owner of New Mexico’s largest utility, according to people familiar with the matter. The private equity firm’s infrastructure arm ...

Blackstone Infrastructure's $11.5 billion acquisition of TXNM Energy could reshape the energy landscape in New Mexico and Texas. Deadline: Tuesday, August 05, 2025 2025 Diverse Business Leader Awards ...

Shares of TXNM rose as much as 8.3% to $57.29, an all-time high, as the all-cash deal from Blackstone valued the New Mexico-based utility at $61.25 per share, representing about 15% premium to the ...

Blackstone Infrastructure has agreed to pay $61.25 a share for the TXNM, the companies said Monday, a roughly 16% premium to Friday's closing price of $52.88 for the Albuquerque, N.M., company.