Blackstone Infrastructure's $11.5 billion proposed acquisition of electric company TXNM Energy faces a potential challenge from a group that previously blocked TXNM's merger plan. The group stated that Blackstone Infrastructure's plans for data centers in New Mexico will be a deciding factor in whether they contest the deal.
This development introduces a potential regulatory and stakeholder hurdle for the significant acquisition. The group's scrutiny highlights concerns over the impact of data center development on local resources and infrastructure.
The outcome of this potential challenge could influence the timeline and terms of the TXNM Energy acquisition. It underscores the importance of stakeholder engagement and regulatory navigation in large-scale infrastructure deals.
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