Johnson Fistel Investigates Fairness of Proposed Sale of TXNM Energy, Inc.  

Johnson Fistel, PLLP has launched an investigation into whether the board members of TXNM Energy, Inc. (NYSE: TXNM) breached their fiduciary duties in connection with the proposed sale of the Company to Blackstone Infrastructure.

On May 19, 2025, TXNM Energy  announced it had entered into a definitive agreement with Blackstone to acquire all outstanding shares in a go-private transaction, offering shareholders $61.25 per share in cash.

If you are a shareholder of TXNM Energy  and believe the proposed buyout price is too low or if you’re interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

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