ONEOK Announces Deal to Acquire Remaining EnLink Stock for $4.3B

ONEOK, Inc. (OKE) announced that it has signed a definitive merger agreement, under which it will acquire all of the outstanding publicly held common units of EnLink Midstream (ENLC) for $4.3 billion in ONEOK common stock.This new deal was initiated after ONEOK successfully completed its acquisition of Global Infrastructure Partners' entire interest in EnLink on Oct. 15, 2024, for a total cash consideration of nearly$3.3 billion.Key Details of OKE’s Merger DealAs per the agreement, each outstanding common ...