ONEOK INC /NEW/ (OKE): M&A transaction — ONEOK completes acquisition of EnLink Midstream in stock-for-unit deal closed Jan 31, 2025

ONEOK INC /NEW/

EnLink unitholders received 0.1412 shares of OKE common stock per EnLink unit; units delisted from NYSE.
ONEOK owned 43.7% of EnLink units prior to close; transaction fully integrates EnLink into ONEOK.
EnLink unitholders approved the deal at a special meeting on Jan 30, 2025.
Acquisition strengthens ONEOK's integrated midstream value chain and diversifies its platform.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ONEOK INC /NEW/ completed an acquisition involving EnLink Midstream, LLC for 0.1412 shares of ONEOK common stock for each outstanding EnLink common unit (closed 2025-01-31).

Action: acquisition
Counterparty: EnLink Midstream, LLC
Consideration: 0.1412 shares of ONEOK common stock for each outstanding EnLink common unit
Closing: 2025-01-31

Exact text from the filing

prior to the time the First Merger became effective (the “First Merger Effective Time”), other than those EnLink Units owned by ONEOK, was converted into the right to receive 0.1412 shares (the “Exchange Ratio”) of ONEOK common stock, par value $0.01 (the “ONEOK common stock”). No fractional shares of ONEOK common stock will be issued in the Mergers, and

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Source: SEC EDGAR

accession 0001213900-25-008853

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