Blackstone Infrastructure acquires outstanding common stock of TXNM Energy (merger agreement extension)
Type: Acquisition · Technology: Other · Country: United States · Value: $400M · Announced: 2026-07-17
Blackstone Infrastructure will acquire the outstanding common stock of TXNM Energy under a merger agreement that has been extended to May 31, 2027, pending remaining regulatory approvals; TXNM Energy also entered a $400 million term loan to unwind a prior voided 2025 stock transaction.
Counterparties
- Blackstone Infrastructure (Buyer)
- TXNM Energy (Seller)
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