Blackstone Infrastructure will acquire utility company TXNM Energy in an $11.5 billion deal, including debt, as the ...

TXNM Energy, the parent company New Mexico’s largest electricity provider, PNM, announced Monday that it has entered into an ...

The deal would leave PNM headquartered in New Mexico and retain local management and employees, PNM said in a news release.

Including debt and preferred stock, the deal values the parent of PNM and TNMP at about $11.5 billion. It is expected to ...

Blackstone Infrastructure Partners’ announced acquisition of the largest New Mexico regulated utility provider; a recent exit ...

Blackstone Infrastructure agreed to acquire TXNM Energy for $61.25/share in cash, reflecting a total enterprise value of $11.5B including net debt.

After two decades of little change, power demand in the US is expanding on the back of the construction of new data centers ...

Blackstone's agreement to buy TXNM comes after regulatory concerns scuttled a $4.3 billion deal struck in October 2020 for Avangrid, the U.S. renewables unit of Spain's Iberdrola, to acquire the ...