ONEOK Announces Deal to Acquire Remaining EnLink Stock for $4.3B
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ONEOK (OKE) is acquiring the remaining shares of EnLink Midstream LLC for $4.3 billion in common stock, aiming to expand and extend its value chain.
November 25, 2024 | 3:00 pm
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ONEOK is acquiring the remaining shares of EnLink Midstream for $4.3 billion in common stock, which is expected to enhance its value chain.
The acquisition of EnLink Midstream's remaining shares by ONEOK is a significant strategic move to expand its operations and value chain. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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