1. TXNM is proposed to be sold to Blackstone Infrastructure. 2. Shareholders will receive $61.25 cash per TXNM share. 3. KSF is investigating if the sale undervalues TXNM. 4. Shareholder concerns may impact the deal’s acceptance. 5. TXNM shareholders can consult KSF regarding their rights.
The cash offer of $61.25 indicates a premium, suggesting investor confidence. Historically, similar deals often lead to price increases until closure.
The investigation by KSF could influence shareholder action and sentiment significantly. The potential for undervaluation concerns increases investor engagement with TXNM's future.
The immediate effect will be seen until the investigation concludes and shareholder responses emerge. Historical examples show that pending offers typically stabilize or increase share prices.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of TXNM Energy, Inc. (NYSE: TXNM) to Blackstone Infrastructure. Under the terms of the proposed transaction, shareholders of TXNM will receive $61.25 in cash for each share of TXNM that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-txnm/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.