ONEOK Inc. agrees to buy EnLink Midstream for $4.3 billion in a tax-free stock swap.

ONEOK Inc. has agreed to acquire EnLink Midstream LLC in a $4.3 billion tax-free transaction. Each EnLink common unit will be exchanged for 0.1412 shares of ONEOK stock. The deal, expected to close in the first quarter of 2025, will see ONEOK issue about 37 million new shares, representing around 6% of its total outstanding shares.

November 25, 2024
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