M&A
confidence high
sentiment positive
materiality 0.65
ONEOK-EnLink deal special meeting set for Jan. 30, 2025; proxy filed with SEC
ONEOK INC /NEW/
- EnLink definitive proxy filed Dec. 31; unitholders of record Dec. 23, 2024 can vote.
- EnLink board and conflicts committee unanimously recommend voting FOR all proposals.
- Each EnLink unit not owned by ONEOK converts to 0.1412 shares of ONEOK common stock.
- ONEOK commits to vote its EnLink units in favor; no shareholder vote required.
- Transaction expected to close in Q1 2025, subject to unitholder approval and conditions.