M&A: ONEOK INC /NEW/

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Acquisition

Type: New

Accession Number: 000103968425000002

Comments: On December 31, 2024, ONEOK, Inc. announced the successful closing of the sale of its three wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. The transaction is effective as of 11:59 p.m. Central on December 31, 2024, with a total cash consideration of $1.2 billion, which is subject to customary adjustments. The announcement includes forward-looking statements regarding the potential benefits of the transaction, such as operational, financial, and strategic advantages including deleveraging. The risk factors associated with the transaction, including potential disruptions to current operations and changes in market conditions, are also detailed.

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Form Type: 425

Filing Date: 2024-12-31

Corporate Action: Acquisition

Type: New

Accession Number: 000121390024113666

Comments: On December 31, 2024, ONEOK, Inc. announced in conjunction with EnLink Midstream, LLC that EnLink has filed definitive proxy materials with the U.S. Securities and Exchange Commission for the acquisition of the remaining publicly held common units of EnLink. A Special Meeting for EnLink unitholders is set for January 30, 2025, where votes will be solicited on the acquisition proposals. The document states that ONEOK's board will vote in favor of the transaction and also describes forward-looking statements about the integration and potential synergies of the merger. Risks associated with the acquisition are outlined, including potential integration difficulties, changes in credit ratings, and market dynamics. It also reminds investors to read the registration and proxy materials before making decisions. Forward-looking statements included pertain to expectations surrounding the merger and its impact on both companies.

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Form Type: 8-K

Filing Date: 2024-12-31

Corporate Action: Acquisition

Type: New

Accession Number: 000121390024113665

Comments: On December 31, 2024, ONEOK, Inc. announced its pending acquisition of the remaining publicly held common units of EnLink Midstream, LLC. EnLink has filed definitive proxy materials with the SEC regarding this acquisition, and a Special Meeting for EnLink unitholders is scheduled for January 30, 2025, to vote on the proposals related to this transaction. The board of directors at EnLink has recommended that unitholders vote in favor of all proposals outlined in the proxy statement. Proxy materials are expected to be disseminated by December 31, 2024. ONEOK indicated its commitment to vote its common units in favor of the acquisition. Additionally, the registration statement related to the transaction was declared effective by the SEC on December 30, 2024, and the definitive proxy statement/prospectus was mailed to unitholders on or about December 31, 2024. This communication includes forward-looking statements regarding the proposed transaction and associated risks, emphasizing the need for careful consideration by investors.

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