BRIEF-Txnm Energy Enters Agreement To Be Acquired By Blackstone Infrastructure-March 2024-www.financetom.com

BRIEF-Txnm Energy Enters Agreement To Be Acquired By Blackstone Infrastructure

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

BRIEF-Txnm Energy Enters Agreement To Be Acquired By Blackstone Infrastructure

May 26, 2025 10:06 AM

May 19 (Reuters) - TXNM Energy Inc ( TXNM ):

* TXNM ENERGY ENTERS AGREEMENT TO BE ACQUIRED BY BLACKSTONE

INFRASTRUCTURE

* TXNM ENERGY INC ( TXNM ) - BLACKSTONE INFRASTRUCTURE TO BUY TXNM

ENERGY

FOR $61.25 PER SHARE

* TXNM ENERGY INC ( TXNM ) - ACQUISITION REFLECTS TOTAL ENTERPRISE

VALUE OF

$11.5 BILLION

* TXNM ENERGY INC ( TXNM ) - PAT COLLAWN TO STEP DOWN AS EXECUTIVE

CHAIR

* TXNM ENERGY INC ( TXNM ) - BLACKSTONE INFRASTRUCTURE INVESTS $400

MILLION

IN TXNM ENERGY STOCK

* TXNM ENERGY INC ( TXNM ): DON TARRY WILL OVERSEE CONTINUING

OPERATIONS OF

TXNM ENERGY AS PRESIDENT AND CEO

* TXNM ENERGY INC ( TXNM ): BLACKSTONE INFRASTRUCTURE IS FUNDING

PURCHASE

PRICE ENTIRELY WITH EQUITY

* TXNM ENERGY INC ( TXNM ) - EQUITY TO BE ISSUED AS PART OF DEAL

IMPACTS

CO'S PREVIOUSLY ISSUED 2025 ONGOING EARNINGS GUIDANCE

* TXNM ENERGY INC ( TXNM ) - DOES NOT PLAN TO ISSUE REVISED EARNINGS

GUIDANCE DURING PENDING DEAL

Source text:

Further company coverage:

Previous page： Bankman-Fried appeals FTX fraud conviction, 25-year sentence Next page： Market Chatter: UK Debt Traders Taking Short-Trades on Thames Water

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Bankman-Fried appeals FTX fraud conviction, 25-year sentence

Apr 11, 2024

NEW YORK (Reuters) -Sam Bankman-Fried, facing the prospect of spending much of his adult life behind bars, on Thursday appealed his conviction and 25-year prison sentence for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded. Defense lawyer Marc Mukasey had announced plans for the appeal to the Manhattan-based 2nd U.S. Circuit Court of Appeals during...

Market Chatter: UK Debt Traders Taking Short-Trades on Thames Water

Apr 11, 2024

04:07 PM EDT, 04/11/2024 (MT Newswires) -- Barclays ( JJCTF ) and HSBC ( HSBC ) have started to take short interests against Thames Water's debt, a British utility, after its parent company missed an interest payment and triggered a default for one of its bonds, Bloomberg reported Thursday, citing people familiar with the matter. Traders at Goldman Sach (GS)...

Exclusive-UAE's ADNOC recently eyed BP as takeover target, sources say

Apr 11, 2024

(Reuters) -The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters. Abu Dhabi National Oil Company (ADNOC) ultimately decided BP would not be the right fit for its strategy, three people said. Political considerations also weighed on the potential move, one of...

Remitly Global Insider Sold Shares Worth $826,672, According to a Recent SEC Filing

Apr 11, 2024

04:07 PM EDT, 04/11/2024 (MT Newswires) -- Joshua Hug, Director, Chief Operating Officer, on April 09, 2024, sold 40,000 shares in Remitly Global ( RELY ) for $826,672. Following the Form 4 filing with the SEC, Hug has control over a total of 4,173,631 shares of the company, with 3,873,631 shares held directly and 300,000 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1782170/000178217024000093/xslF345X03/wk-form4_1712865717.xml...