---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-102220"
form_type: "8-K"
ticker: "OKE"
cik: "0001039684"
company_name: "ONEOK INC /NEW/"
filed_at: "2024-11-25T23:59:59+00:00"
generated_at: "2026-05-29T18:32:52.655350+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# ONEOK to acquire remaining EnLink units for $4.3B in stock; exchange ratio 0.1412

## Summary
- Deal valued at $4.3B: ONEOK issues ~37M shares (6% of pro forma outstanding) at $15.75/EnLink unit.
- ONEOK already owns ~44% of EnLink units and has agreed to vote those units in favor.
- Closing expected Q1 2025; no ONEOK shareholder vote required; HSR waiting period already cleared.
- Each EnLink common unit not owned by ONEOK converts into 0.1412 ONEOK shares; tax-free for unitholders.
- Termination fee of $143.978M payable by EnLink under certain conditions.

## SEC filing metadata
- accession: 0001213900-24-102220
- form_type: 8-K
- ticker: OKE
- cik: 0001039684
- company_name: ONEOK INC /NEW/
- filed_at: 2024-11-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039684/000121390024102220/0001213900-24-102220-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039684/000121390024102220/ea0222420-8k425_oneokinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-102220
- JSON: https://secwatch.observer/filing/0001213900-24-102220.json
- Plain text: https://secwatch.observer/filing/0001213900-24-102220.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.