ONEOK announces completion of strategic EnLink Midstream acquisition
Published by Alfred Hamer,
Editorial Assistant
World Pipelines,
ONEOK, Inc. has announced that it has completed its acquisition of EnLink Midstream, LLC.
EnLink unitholders approved the transaction at a special meeting on 30 January 2025. "The completion of this acquisition further enhances ONEOK's integrated midstream business and provides exceptional value to all stakeholders, including EnLink unitholders who we now welcome as ONEOK shareholders," said Pierce H. Norton II, ONEOK President and Chief Executive Officer.
"We welcome EnLink's employees to the ONEOK team," added Norton. "We look forward to the many benefits this acquisition can provide." EnLink unitholders, other than ONEOK, received 0.1412 shares of ONEOK common stock for each outstanding EnLink common unit. EnLink common units will no longer be publicly traded on the New York Stock Exchange.
Read the article online at: https://www.worldpipelines.com/business-news/03022025/oneok-announces-completion-of-strategic-enlink-midstream-acquisition/
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