TXNM Energy (NYSE: TXNM) revealed an agreement in which Blackstone Infrastructure will purchase TXNM Energy for $61.25 per share in cash
This transaction represents a total enterprise value of $11.5 billion
The transaction is expected to close in the latter half of 2026
Pat Collawn will resign from his position as Executive Chair once the transaction is finalized
Don Tarry will manage the ongoing operations of TXNM Energy in his role as President and CEO
