New Mexico Regulators Scrutinize Blackstone's Stock Purchase in TXNM Merger Review
New Mexico utility regulators are examining an $11.5 billion acquisition of TXNM Energy by Blackstone, focusing on a prior stock purchase that raised concerns about compliance with state law and transparency. The deal requires final approval from the New Mexico Public Regulation Commission.
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Topics: Blackstone New Mexico regulators stock purchase TXNM Energy utility merger