Reported about 10 hours ago
Natural gas transmission company ONEOK has agreed to purchase all remaining publicly held common units of EnLink Midstream in a tax-free transaction worth $4.3 billion, expected to be finalized in Q1 2025. Each outstanding unit of EnLink will be converted into shares of ONEOK stock, enhancing liquidity and dividends for EnLink unitholders. This deal follows ONEOK's recent acquisition of Global Infrastructure Partners' stake in EnLink, further consolidating ONEOK's control in the midstream sector.
Source: YAHOO