secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001213900-24-102220
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000121390024102220/0001213900-24-102220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000121390024102220/ea0222420-8k425_oneokinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-102220

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