Did you know?

"We are confident the pending merger with ONEOK is the best path forward for Magellan and is in the best interests of Magellan unitholders," said Aaron Milford, chief executive officer."The merger ...ONEOK, Inc. OKE announced the completion of its previously announced acquisition of Magellan Midstream Partners, L.P. This $18.8-billion merger deal created one of the largest oil and natural gas ...ONEOK Inc. and Magellan Midstream Partners investors signed off on the midstream companies’ $18.8 billion combination—despite a hotly contested stakeholder voting process. The shareholder vote at Magellan’s special meeting on Sept. 21 ended with 55% of total outstanding units voting in favor of the merger.May 15, 2023 · Magellan shareholders will receive $25 in cash plus 0.6670 shares of Oneok common stock for each outstanding Magellan common unit. That represents a 22% premium to May 12 closing prices. Oneok ... Mergers and acquisitions are key business activities that bring substantial changes to companies — for both employees and customers. Mergers and acquisitions can be understandably concerning if you’ve built segments of your portfolio around...May 14, 2023 · MAGELLAN WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ONEOK AND MAGELLAN, THE PROPOSED TRANSACTION, THE RISKS RELATED THERETO AND RELATED MATTERS. After the Registration Statementhas been declared effective, a definitivejoint proxy statement/prospectus will be mailed to shareholders of ONEOK and unitholders of Magellan. In June, Magellan's unitholder Energy Income Partners had said that it planned to vote against the company's proposed merger with Oneok. More on Oneok and Magellan ONEOK Is A Buy With Or Without ...The Magellan/Oneok merger is facing unitholder pushback, and the downside risk is potentially huge. Normally, acquisitions go fairly smoothly. Sometimes things get complicated.TULSA, Okla., May 14, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today announced that they have executed a definitive merger agreement under which ONEOK will acquire all outstanding units of Magellan in a cash-and-stock transaction valued at approximately $18.8 billion in...In connection with the proposed merger (the "Proposed Transaction") between ONEOK and Magellan, ONEOK filed with the SEC a registration statement on Form S-4 (as amended, the "Registration ...Magellan Midstream Partners (NYSE:MMP) -1.5% in early trading Tuesday, giving back a sliver of its 13.5% gain that followed news of Oneok's purchase of the partnership in a cash and stock deal ...The biggest deal so far: Last week’s offer from ONEOK Inc (OKE) for Magellan Midstream Partners (MMP). The merger would create the fourth largest US midstream company with combined enterprise ...ONEOK Inc. and Magellan Midstream Partners L.P. (MMP) announced that, at their respective Special Meetings, ONEOK shareholders and Magellan unitholders approved the previously announced merger.According to preliminary results of the ONEOK Special Meeting of Shareholders, approximately 96% of the common shares voted were …ONEOK announced on May 14, 2023 that it executed a definitive merger agreement with Magellan Midstream Partners that will see the company pay $25 in cash …8 thg 8, 2023 ... ... Midstream Partners President and CEO Aaron Milford to talk energy logistics, a possible merger and more.We believe the taxes paid by our funds and investors will exceed the premium offered by ONEOK and any potential benefits from the merger. We want to see Magellan remain as a stand-alone entity ...15 thg 5, 2023 ... ONEOK, Inc. and Magellan Midstream Partners, L.P. announced ONEOK will acquire Magellan ... merger agreement.The merger calls for Magellan unitholders to receive $25.00 in cash and 0.667 shares of Oneok stock for each Magellan unit, equating to $67.50 per unit, or the aforementioned 22% premium to the ...Each Magellan unitholder will receive $25.00 in cash and 0.667 shares of ONEOK stock per unit upon completion of the pending merger. Magellan continues to expect the transaction to close in the third quarter of 2023 subject to customary closing conditions, including the approvals of both ONEOK shareholders and Magellan unitholders.ONEOK intends to use the net proceeds to fund the cash consideration for the merger with Magellan Midstream Partners, L.P. and other merger related costs. ONEOK expects the notes offering to close on or about August 24, 2023, subject to the satisfaction of customary closing conditions.Oneok (OKE 1.48%) and Magellan Midstream agreed to a merger agreement worth $18.8 billion, ... Oneok predicts that the deal would add 3% to 7% to earnings per share between 2025 and 2027, ...15 thg 5, 2023 ... A multi-billion dollar merger agreement between two energy infrastructure businesses was announced on Sunday.ONEOK-Magellan Merger Acquisition of Magellan Brings TogethONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magella Sep 25, 2023 · A U.S. holder that receives shares of ONEOK Common Stock and cash in exchange for Magellan Units pursuant to the merger will recognize gain or loss in an amount equal to the difference between (i) the sum of (A) the fair market value of the shares of ONEOK Common Stock received (plus any cash received in lieu of a fractional share of ONEOK ... On May 14, 2023, ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") announced that they had executed a definitive merger agreement under which ONEOK will acquire all outstanding units of Magellan in a cash-and-stock transaction valued at approximately $18.8 billion including assumed debt, resulting ... ONEOK and Magellan Midstream Partners have executed a definitive merge The Magellan board of directors unanimously recommends that Magellan unitholders vote “FOR” the proposals related to Magellan's merger with ONEOK, using the WHITE proxy card or WHITE voting instruction form. EVERY VOTE MATTERS. NOT VOTING WILL HAVE THE SAME EFFECT AS A VOTE AGAINST THE TRANSACTION.TULSA, Okla., Sept. 25, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) (ONEOK) today announced that it has completed its acquisition of Magellan Midstream Partners, L.P. (Magellan), creating a more diversified North American midstream infrastructure company focused on delivering essential energy products and services to TULSA, Okla., Aug. 16, 2023 /PRNewswire/ --

investors and security holders of oneok and magellan are urged to carefully and thoroughly read the registration statement, the joint proxy statement/prospectus, as each may be amended or supplemented from time to time, and other relevant documents filed by oneok and magellan with the sec because they will contain important …Sep 8, 2023 · Summary. Oneok plans to acquire Magellan Midstream Partners at a significant premium of where it was trading pre-announcement at $67.50 per share. The merger vote is set for September 21, with ... Sep 8, 2023 · Summary. Oneok plans to acquire Magellan Midstream Partners at a significant premium of where it was trading pre-announcement at $67.50 per share. The merger vote is set for September 21, with ... Magellan Midstream (NYSE:MMP) Partners, a leading pipeline company, has secured approval from its unit holders for a $19 billion merger with Oneok, as announced on Thursday. The merger, which is ...

TULSA, Okla., Sept. 21, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today announced that, at their respective...ONEOK, Inc. (NYSE: OKE) and Magellan Midstream Partners, L.P. (NYSE: MMP) have announced that they have executed a definitive merger agreement under which ONEOK will acquire all outstanding units of Magellan in a cash-and-stock transaction valued at approximately US$18.8 billion including assumed debt, resulting in a combined company with a total enterprise value of US$60.0 billion.Jul 25, 2023 · Under the deal in which ONEOK will also assume Magellan's debt, ONEOK will pay $25 and 0.6670 shares of ONEOK common stock for each outstanding Magellan common unit, representing a premium of 22% ... …

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. ONEOK Acquiring Magellan for $19B, Creating Cross-Commodity. Possible cause: Summary Oneok plans to acquire Magellan Midstream Partners at a signif.