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Why Is TXNM Energy Stock Soaring On Monday?

Summary

TXNM Energy, Inc. (NYSE: TXNM) will be acquired by Blackstone Infrastructure for $61.25 per share in cash, representing a 23.0% premium. Total enterprise value is $11.5 billion, with no new debt expected. Transaction to close in second half of 2026.

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Article published on May 19, 2025 by benzinga