Blackstone’s $11.5 Billion Power Move: TXNM Energy Acquisition Set to Reshape Southwest Utilities

Unknown Apr 02, 2026 1,050 Views

Blackstone Infrastructure has announced a landmark agreement to acquire TXNM Energy for $61.25 per share in cash, valuing the deal at a staggering $11.5 billion. The transaction, unanimously approved by TXNM’s board, offers shareholders a 23% premium over the company’s 30-day average...