ONEOK shares are trading higher after the company announced it will acquire Medallion and a controlling interest in EnLink.
Portfolio Pulse from Benzinga Newsdesk
ONEOK shares rise following the announcement of its acquisition of Medallion and a controlling interest in EnLink.
August 29, 2024 | 5:05 pm
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ONEOK's stock price is climbing due to its strategic acquisitions of Medallion and a controlling interest in EnLink, which are expected to enhance its market position.
The acquisition of Medallion and a controlling interest in EnLink is a significant strategic move for ONEOK, likely to strengthen its market position and drive future growth. The market has reacted positively, as evidenced by the rise in ONEOK's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100