TXNM Energy approve acquisition by Blackstone Infrastructure

TXNM Energy (TXNM) shareholders voted to approve the agreement under which Blackstone Infrastructure will acquire TXNM Energy at a special shareholders meeting. TXNM Energy shareholders will receive $61.25 in cash for each share of TXNM Energy common stock held at closing. Of the shares voted, 99.6% voted to approve the proposed agreement, reflecting 88.2% of shares issued and outstanding on the record date. Regulatory approvals from the New Mexico Public Regulation Commission, Public Utility Commission of Texas, Federal Energy Regulatory Commission, Department of Justice, Nuclear Regulatory Commission and Federal Communications Commission are being pursued. TXNM Energy continues to anticipate that the closing of the acquisition will occur in the second half of 2026, subject to the satisfaction or waiver of the customary closing conditions, including among other things, receipt of required state and federal regulatory approvals.