TXNM Energy rises on report of acquisition talks with Blackstone

Shares of utility company TXNM Energy TXNM.N rise 1.2% to $53.52

Equity firm Blackstone BX.N says it is in talks to acquire TXNM Energy, Bloomberg News reports

An agreement is expected to be reached as early as the coming weeks, although the talks may be delayed or falter, report says

In March, TXNM began exploring a sale and had drawn interest from KKR & Co. KKR.N

Including session's moves, TXNM up 8.8% YTD