Core Points - TXNM Energy shareholders approved the acquisition agreement with Blackstone Infrastructure, with 99.6% of votes in favor, representing 88.2% of issued shares [1][2] - Each TXNM Energy shareholder will receive $61.25 in cash per share upon closing of the acquisition [1] - The acquisition is expected to close in the second half of 2026, pending regulatory approvals and customary closing conditions [4] Regulatory Approvals - TXNM Energy is pursuing necessary regulatory approvals from multiple agencies, including the New Mexico Public Regulation Commission and the Federal Energy Regulatory Commission [3] Company Overview - TXNM Energy is an energy holding company based in Albuquerque, New Mexico, serving over 800,000 homes and businesses in Texas and New Mexico through its regulated utilities [5]
TXNM Energy Shareholders Overwhelmingly Approve Acquisition by Blackstone Infrastructure