TXNM Energy rises on report of acquisition talks with Blackstone

TXNM Energy

12/05/2025 17:04

** Shares of utility company TXNM Energy TXNM.N rise 1.2% to $53.52

** Equity firm Blackstone BX.N says it is in talks to acquire TXNM Energy, Bloomberg News reports

** An agreement is expected to be reached as early as the coming weeks, although the talks may be delayed or falter, report says

** In March, TXNM began exploring a sale and had drawn interest from KKR & Co. KKR.N

** Including session's moves, TXNM up 8.8% YTD

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))