secwatch.observer — SEC 8-K summary
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Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2025-08-28T23:59:59+00:00
Accession:  0001108426-25-000102
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842625000102/0001108426-25-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108426/000110842625000102/pnm-20250828.htm
  HTML page:      https://secwatch.observer/filing/0001108426-25-000102

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer