Oneok to acquire remaining units of Enlink in $4.3 billion deal
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ONEOK announced it will acquire all remaining publicly held units of Enlink for $4.3 billion in ONEOK common stock.
November 25, 2024 | 2:30 am
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NEUTRAL IMPACT
ONEOK is acquiring the remaining publicly held units of Enlink for $4.3 billion in common stock, which could impact its stock price due to the dilution effect and strategic expansion.
The acquisition involves issuing $4.3 billion in ONEOK common stock, which may lead to stock dilution. However, the strategic acquisition could enhance ONEOK's market position, balancing the potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100