M&A
confidence high
sentiment positive
materiality 0.95
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.