10 Stocks That Stole the Show Today

7. TXNM Energy, Inc. (NYSE:TXNM)

TXNM Energy saw its share prices rally by 6.98 percent to close at $56.57 apiece following news that it is set to be acquired by one of the largest investment management companies, Blackstone Inc., for $11.5 billion.

In a statement, Blackstone said its infrastructure arm inked an agreement with TXNM Energy, Inc. (NYSE:TXNM) to acquire its shares for $61.25 apiece.

The price represented an 8-percent upside from its closing price on Monday, as well as a 23-percent premium to its 30-day volume-weighted average price (VWAP) as of March 5, 2025, the day prior to an article reporting a developing acquisition for TXNM Energy.

According to Blackstone, the transaction will be funded through equity and assumption of existing debt, and no incremental debt will be issued as a result of the transaction.

The transaction is expected to be closed in the second half of 2026, subject to regulatory approvals and customary closing conditions.