Blackstone Hopes to Succeed Where Avangrid Failed – Merger Arbitrage Mondays

TXNM Energy (TXNM): $56.72

Market Cap: $5.26 B

Deal Value: $11.5 B

Regulators and the macro environment of a deal define the kind of path it has to take in order to complete the merger. Such is the case with the merger of U.S. Steel (X) and Nippon Steel, which finally received the green light from the Trump administration, giving hope that the deal might f…