TXNM Energy shareholders have overwhelmingly approved the agreement under which Blackstone Infrastructure will acquire TXNM Energy. The approval was granted at a special shareholders meeting held today, marking a significant step forward for the proposed $11.5 billion transaction.
Under the terms of the approved agreement, TXNM Energy shareholders are set to receive $61.25 in cash for each share of TXNM Energy common stock held at the closing of the acquisition. This provides a clear and certain return for shareholders.
The acquisition remains subject to various regulatory approvals at both federal and state levels, with an estimated closing in the second half of 2026. Shareholder approval is a critical prerequisite, demonstrating strong internal support for the strategic partnership with Blackstone Infrastructure.
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