TXNM Energy shareholders overwhelmingly approved the acquisition by Blackstone Infrastructure.
Shareholders voted to approve the agreement at a special meeting.
Each share of TXNM Energy common stock held at closing will receive $61.25 in cash.
Shareholder Approval
99.6% of shareholders voted to approve the agreement.
Regulatory Approvals
Approvals from various commissions are being pursued for the acquisition.
Anticipated Closing
The acquisition is expected to close in the second half of 2026.
- TXNM Energy will report the final vote results in a Form 8-K filed with the SEC.
- The acquisition is subject to the satisfaction of customary closing conditions, including regulatory approvals.
The acquisition approval by TXNM Energy shareholders marks a significant milestone in the company's acquisition process.