Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of TXNM Energy, Inc. to Blackstone for $61.25 per share in cash, focusing on the rights and interests of TXNM shareholders [1][2]. Group 1: Investigation Details - The investigation examines whether TXNM and its board violated federal securities laws and fiduciary duties by not securing the best possible consideration for shareholders [2]. - Concerns include whether Blackstone is underpaying for TXNM and if all material information necessary for shareholders to assess the merger was disclosed [2]. Group 2: Potential Actions - Halper Sadeh LLC may seek increased consideration for TXNM shareholders, additional disclosures, and other forms of relief related to the proposed transaction [3]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees or expenses [3]. Group 3: Firm Background - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having recovered millions for defrauded investors [4].
TXNM Stock Alert: Halper Sadeh LIC is Investigating Whether the Sale of TXNM Energy, Inc. is Fair to Shareholders