{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-144039","form_type":"8-K","ticker":"OKE","cik":"0001039684","company_name":"ONEOK INC /NEW/","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.719696+00:00","generated_at":"2026-06-15T00:28:50.838202+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"ONEOK to acquire Magellan in $18.8B cash-and-stock deal; $67.50/unit (22% premium)","bullets":["Magellan unitholders get $25 cash + 0.667 ONEOK shares per unit; deal valued at $18.8B including assumed debt.","Combined enterprise value ~$60B; expected EPS accretive 3-7% per year 2025-2027; FCF per share accretion >20% 2024-2027.","At least $200M annual synergies expected; potential $400M total within 2-4 years; step-up in tax basis valued at ~$3.0B (NPV ~$1.5B).","ONEOK secured $5.25B bridge loan commitment from Goldman Sachs; transaction subject to HSR, unitholder and shareholder votes.","Pro-forma net debt/EBITDA ~4.0x at 2024 year-end; targeting <3.5x by 2026 via free cash flow and growth projects."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-144039","json":"https://secwatch.observer/filing/0001193125-23-144039.json","markdown":"https://secwatch.observer/filing/0001193125-23-144039.md","text":"https://secwatch.observer/filing/0001193125-23-144039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039684/000119312523144039/0001193125-23-144039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039684/000119312523144039/d495091d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:28:50.838202+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"371abddce0e4d1aeaf947cff098cd9874bbaab31","claim":"ONEOK INC /NEW/ entered into Agreement and Plan of Merger with Magellan Midstream Partners, L.P. (effective 2023-05-14).","evidence_excerpt":"On May 14, 2023, ONEOK, Inc., an Oklahoma corporation (NYSE: OKE) (“ ONEOK ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Otter Merger Sub, LLC, a Delaware limited liability company and a newly formed, wholly owned subsidiary of ONEOK (“ Merger Sub ”), and Magellan Midstream Partners, L.P. (NYSE: MMP), a Delaware limited partnership (“ Magellan ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039684/000119312523144039/0001193125-23-144039-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Magellan Midstream Partners, L.P."},{"label":"Effective","value":"2023-05-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}