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Blackstone Infrastructure to buy utility firm TXNM for $11.5bn

By Benjamin Chiou

Date: Monday 19 May 2025

(Sharecast News) - Shares in TXNM Energy were on the rise on Monday after Blackstone Infrastructure announced plans to buy the New Mexico-based electricity provider for $11.5bn.
The agreement will see Blackstone take over TXNM, and its subsidiaries PNM and TNMP, for $61.25 a share in cash, a 16% premium to...

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