TXNM Energy agreed to be bought by Blackstone's infrastructure division for $11.5 billion in cash and debt. The agreement is for $61.25 per share, a nearly 16% premium to TXNM's closing price on ...

Blackstone's TXNM buyout offers an 11% arbitrage spread. Check out the risks, stock valuation, and why this low-risk deal could be a smart growth market play.

Blackstone Infrastructure will acquire utility company TXNM Energy in an $11.5 billion deal, including debt, as the investment firm bets on rising U.S. electricity demand and a shift to cleaner energy ...

This simple logic explains Blackstone Infrastructure’s (BX.N), opens new tab plan to buy U.S. utility TXNM Energy (TXNM.N), opens new tab for $11.5 billion, including debt. It also speaks to a ...

Blackstone Infrastructure will acquire TXNM Energy for $61.25 per share in cash, valuing the company at $11.5 billion. Blackstone is also making a $400 million equity investment in TXNM Energy to ...

The company that is currently known as TXNM Energy was formerly known as PNM Resources. Long-time readers might remember that we have discussed PNM Resources in various previous articles a few ...

Tesla's Chinese rival Xiaomi announced its electric SUV set to compete with Tesla's Model Y will be launched Thursday. TXNM Energy agreed to be purchased by Blackstone's infrastructure division for ...

This transaction provides significant long-term capital to support these goals. "Our successes at TXNM Energy have stemmed from a deliberate approach to investing in PNM and TNMP in a manner ...

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Thomas Fuller / SOPA Images / LightRocket via Getty Images TXNM Energy agreed to be bought by Blackstone's infrastructure division for $11.5 billion in cash and debt. The agreement is for $61.25 ...