Date: | --/--/-- --:--:-- |
Event Id: | E564V7KNV |
Action Type: | MERGER |
Action Status: | ANNOUNCED |
Acquirer Symbol: | |
Target Symbol: | ENLC |
Updated: | --/--/-- --:--:-- |
Purchase Price Per Share: | |
Price Per Share Currency: | |
News References: | https://www.prnewswire.com/news-releases/enlink-unitholders-approve-oneok-acquisition-of-remaining-public-units-302364802.html |
Action Notes
ONEOK, Inc. (ONEOK) and EnLink Midstream, LLC (EnLink) have executed a definitive merger agreement under which ONEOK will acquire all of the outstanding publicly held common units of EnLink for $4.3 billion in ONEOK common stock. Each outstanding common unit of EnLink that ONEOK does not already own will be converted into 0.1412 shares of ONEOK common stock. Completion of the transaction is subject to the approval of a majority of the outstanding EnLink common units (including common units owned by ONEOK) and other customary closing conditions, and is expected to be completed in Q1 2025. The EnLink special shareholder meeting to vote on the transaction will be held on 01/30. EnLink shareholders approved the transaction on 01/30, and closing expected on 01/31.