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PNM Resources (PNM +16.8%) shares soar after the New Mexico electricity distributor agrees...

PNM Resources (PNM +16.8%) shares soar after the New Mexico electricity distributor agrees to sell its First Choice Power subsidiary for $270M, and will sell its stake in Optim Energy, exiting its Texas businesses. The company says it plans to use the money to buy back debt and its stock. (PR)
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