M&A
confidence high
sentiment positive
materiality 0.85
EnLink unitholders approve ONEOK's acquisition of remaining public units; close set for Jan. 31
ONEOK INC /NEW/
- 99.8% of voted units (379.1M) in favor; 82.9% of all outstanding units voted for the deal.
- Transaction expected to close Jan. 31; ENLC units to cease trading before market open that day.
- Each outstanding ENLC common unit will convert to 0.1412 shares of ONEOK common stock.