ONEOK: Benefitting From Recent Acquisitions
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ONEOK has acquired Medallion Midstream and a 43% share of EnLink Midstream, with plans to purchase the remaining 57% in a tax-free exchange. This consolidation is expected to bring synergies, expanded services, and a stronger valuation for the combined company.
December 02, 2024 | 4:30 pm
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ONEOK's recent acquisitions of Medallion Midstream and a significant share of EnLink Midstream are expected to enhance its service offerings and valuation through synergies.
The acquisitions of Medallion Midstream and a 43% share in EnLink Midstream, with plans to acquire the remaining shares, position ONEOK for enhanced synergies and service expansion. This strategic move is likely to positively impact ONEOK's valuation and market position, making it a significant development for investors.
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