EnLink Midstream shares are trading higher after the company announced its interest that is currently owned by Global Infrastructure Partners will be acquired by ONEOK.
Portfolio Pulse from Benzinga Newsdesk
EnLink Midstream shares rose following the announcement that ONEOK will acquire the interest currently owned by Global Infrastructure Partners.
August 29, 2024 | 11:35 am
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POSITIVE IMPACT
EnLink Midstream shares increased due to the announcement of ONEOK acquiring the interest held by Global Infrastructure Partners.
The acquisition by ONEOK is seen as a positive development for EnLink Midstream, likely leading to increased investor confidence and a rise in share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ONEOK's acquisition of Global Infrastructure Partners' interest in EnLink Midstream could enhance its market position.
The acquisition may be viewed positively as it could expand ONEOK's influence in the midstream sector, potentially boosting its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70