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.

Asset manager Blackstone moved to expand its flourishing infrastructure business with a deal to buy energy holding company TXNM Energy for nearly $5.7 billion in cash.

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.

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 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 Inc. is in talks to acquire TXNM Energy Inc., the owner of New Mexico’s largest utility, according to people familiar with the matter.

Blackstone Infrastructure agreed to acquire New Mexico utility owner TXNM Energy Inc. for about $5.7 billion, the latest in a flurry of power deals as US electricity consumption grows.

The infrastructure investing arm of asset manager Blackstone is in talks to buy New Mexico and Texas-focused utility TXNM Energy, a person familiar with the matter said on Monday.

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

Blackstone Infrastructure, with $60 billion in assets under management, intends to maintain TXNM Energy’s commitments to its customers, employees, and communities.

Conversations between Blackstone Infrastructure Partners and TXNM about structuring an agreement are ongoing, said the source, who cautioned the situation was fluid and there was no guarantee a ...