ALBUQUERQUE, NEW MEXICO (By TXNM, 28.Aug.2025, Words: 171) — Shareholders of TXNM Energy voted overwhelmingly to approve the agreement by which Blackstone Infrastructure will acquire TXNM at a special shareholders meeting held earlier on 28 Aug. 2025.
Per the terms of the proposed agreement, TXNM shareholders will receive $61.25 in cash for each share of TXNM common stock held at closing.
Of the shares voted, 99.6% voted to approve the proposed agreement, reflecting 88.2% of shares issued and outstanding on the record date.
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Regulatory approvals from the New Mexico Public Regulation Commission, Public Utility Commission of Texas, Federal Energy Regulatory Commission, Department of Justice (Hart Scott-Rodino Clearance), Nuclear Regulatory Commission and Federal Communications Commission are being pursued.
TXNM continues to anticipate that the closing of the acquisition will occur in the second-half 2026, subject to the satisfaction or waiver of the customary closing conditions, including among other things, receipt of required state and federal regulatory approvals.
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