secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2023-09-25T23:59:59+00:00
Accession:  0001213900-23-079216
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONEOK completes Magellan Midstream acquisition; unitholders get $25 cash + 0.667 OKE shares
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- Merger closed Sept 25, 2023; Magellan unitholders received $25 cash and 0.667 ONEOK shares per unit.
- Magellan common units delisted from NYSE; OKE stock continues trading on NYSE.
- Transaction approved by ONEOK shareholders and Magellan unitholders on Sept 21, 2023.
- Combined company aims to create more diversified North American midstream infrastructure platform.
- Magellan's debt guarantees acquired; supplemental indentures and credit guarantee executed at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000121390023079216/0001213900-23-079216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000121390023079216/ea185725-8k_oneokinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-079216

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