An arm of private-equity firm Blackstone Inc. has agreed to buy TXNM Energy Inc. – an Albuquerque-based utility, for about USD5.7 billion in cash. Including TXNM’s preferred stock and net debt, the value of Blackstone’s announced deal rises to USD11.5 billion. That’s about USD3 billion more than what Avangrid – a sustainable energy company and […]
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