TXNM Energy shareholders have approved a deal for Blackstone Infrastructure to acquire the company. The decision was made at a special meeting where 99.6 percent of shares voted in favor, representing 88.2 percent of all issued and outstanding shares.
Under the agreement, TXNM Energy shareholders will receive $61.25 per share in cash upon closing. The company plans to report the final voting results in a Current Report on Form 8-K with the Securities and Exchange Commission.
Regulatory approvals are being sought from several agencies, including the New Mexico Public Regulation Commission and the Federal Energy Regulatory Commission. TXNM Energy expects the acquisition to close in the latter half of 2026, pending customary conditions and necessary regulatory approvals.
TXNM Energy is an energy holding company based in Albuquerque, New Mexico, serving over 800,000 customers through its utilities TNMP and PNM. More details can be found on their website at www.TXNMEnergy.com.
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