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What will be ONEOK's next strategic acquisition by December 31, 2025?
2
Resolution / Starting Odds
Another pipeline company • 25%
A renewable energy company • 25%
A utility company • 25%
No further acquisitions • 25%
Official press releases from ONEOK, financial news outlets
Story
ONEOK to Acquire EnLink Midstream in $4.3 Billion Tax-Free Common Stock Deal
Nov 25, 2024, 02:25 AM
ONEOK Inc., a US pipeline operator, has announced its acquisition of EnLink Midstream in a tax-free deal valued at $4.3 billion in common stock. The agreement, confirmed in Tulsa on November 24, 2024, stipulates that each EnLink unit holder will receive 0.1412 ONEOK shares. This acquisition involves ONEOK buying the remaining common units of EnLink Midstream that it does not already own. The companies made the announcement in a joint statement.
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Above 20% • 25%
15% to 20% • 25%
10% to 15% • 25%
Below 10% • 25%
Increase by more than 10% • 25%
Increase by 5% to 10% • 25%
Increase by less than 5% • 25%
Decrease or no change • 25%
Above $20 billion • 25%
$15 billion to $20 billion • 25%
$10 billion to $15 billion • 25%
Below $10 billion • 25%
Yes • 50%
No • 50%
FourPoint Resources • 33%
Quantum Capital Group • 33%
Kayne Anderson • 33%
Other • 1%
