secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001213900-24-087839
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONEOK closes $3.3B acquisition of GIP's controlling stake in EnLink Midstream
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- Total cash consideration of approximately $3.3 billion for 43% of EnLink common units at $14.90/unit plus $300M for managing member interests.
- HSR waiting period expired; ONEOK now controls EnLink's managing member and will appoint new board members including CEO Pierce Norton as chairman.
- ONEOK intends to pursue tax-free acquisition of the publicly held EnLink common units.
- EnLink will be a consolidated subsidiary of ONEOK for GAAP reporting; both OKE and ENLC remain publicly traded on NYSE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000121390024087839/0001213900-24-087839-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000121390024087839/ea0217587-8k_oneok.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-087839

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