secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2023-09-22T23:59:59+00:00
Accession:  0001213900-23-078749
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONEOK and Magellan shareholders approve merger; closing set for Sept 25
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- ONEOK shareholders approved with ~96% of votes cast in favor; Magellan unitholders approved with ~76% of units voted (55% of outstanding).
- Transaction expected to close before market on Sept 25, 2023; Magellan units to cease trading on NYSE after Sept 22.
- Consideration: $25 cash and 0.667 ONEOK shares per Magellan unit, valuing the deal at ~$18.8B including debt.
- CEOs cite stronger growth prospects and value creation for combined company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000121390023078749/0001213900-23-078749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000121390023078749/ea185567-8k425_oneokinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-078749

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer