TXNM Energy gains on Blackstone's $11.5 bln takeover deal

TXNM Energy

19/05/2025 12:12

** Utility firm TXNM Energy's TXNM.N shares rise 9.2% to $57.75 premarket

** Company says it would be acquired by Blackstone's BX.N infrastructure unit in an $11.5 bln deal, including debt

** TXNM shareholders will receive $61.26/share, a premium of around 15% to stock's last closing price - based on Reuters calculation and LSEG data

** The deal is expected to be completed in the second half of 2026

** As of last close, shares up 7.5% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))