PNM parent company, Blackstone extend merger deadline into May 2027
The companies said they need more time to win remaining approvals as New Mexico regulators and citizens continue to raise objections.
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5 Articles
PNM, private equity firm extend merger deadline to mid-2027 after regulators deem stock sale illegal
Officials with PNM’s parent company and Blackstone Infrastructure announced they’re extending the deadline for their proposed merger to mid-2027, after the New Mexico Public Regulation found a $400 million stock sale violated state law. (Photo by Danielle Prokop for Source NM)The parent company of New Mexico’s largest electricity provider and the private equity firm looking to acquire it are extending the deadline for their pending merger to mid…
Blackstone Infrastructure, TXNM extend $11.5B acquisition deadline to 2027 after regulatory setback
The acquisition has already received approval from Texas, Federal Energy Regulatory Commission and Federal Communications Commission. New Mexico approval is still pending.
PNM, Blackstone to reverse problematic $400M early stock sale and extend acquisition timeline to 2027 - The Paper.
The private investment company working to buy New Mexico’s largest utility has extended the timeline for the deal to close after PNM says it has secured funding to reverse a problematic $400 million stock sale to the buyer completed without regulatory approval. PNM shareholders approved the sale to an affiliate of Blackstone in August 2025 with an expectation that it would be completed in 2026. But those plans were sidetracked earlier this year …
PNM parent company, Blackstone extend merger deadline into May 2027
PNM's parent company and the private equity firm looking to acquire it extended the deadline of their proposed merger agreement. The post PNM parent company, Blackstone extend merger deadline into May 2027 appeared first on KOB.com.
PNM, Blackstone to reverse problematic $400M early stock sale and extend acquisition timeline to 2027 - New Mexico Political Report
The private investment company working to buy New Mexico’s largest utility has extended the timeline for the deal to close after PNM says it has secured funding to reverse a problematic $400 million stock sale to the buyer completed without regulatory approval. PNM shareholders approved the sale to an affiliate of Blackstone in August 2025 with an expectation that it would be completed in 2026. But those plans were sidetracked earlier this year …
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