TXNM shareholders approve $61.25/sh acquisition by Blackstone Infrastructure; 99.6% vote in favor

TXNM ENERGY INC

Over 92.9M shares voted for the merger (99.6% of votes cast; 88.2% of outstanding shares).
Shareholders to receive $61.25 per share in cash at closing (unchanged from original deal terms).
Closing expected in 2H 2026; regulatory approvals from NMPRC, PUCT, FERC, DOJ, NRC, FCC pending.
Merger Agreement dated May 18, 2025, with Troy ParentCo LLC and Troy Merger Sub Inc.

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