Blackstone/TXNM: Activists May Oppose $11.5 Billion PE Buyout Over Self-Dealing, Environmental Concerns

Published on Aug 08, 2025

New Mexican climate and consumer advocacy groups said they’ll likely oppose Blackstone’s (BX) proposed $11.5 billion acquisition of utility operator TXNM Energy (TXNM) over concerns the private equity firm would favor its own financial interests at the expense of ratepayers and the state’s environmental goals.

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