A $14 billion deal combining Oneok and Magellan will form the second-largest U.S.-based pipeline company by stock-market value
Pipeline operator Oneok has agreed to buy smaller rivalMidstream Partners for about $14 billion, a deal that would form one of the biggest U.S. companies involved in transporting and storing energy.
The deal’s price tag, including $8.8 billion in equity and $5.1 billion in cash, amounted to a 22% premium over Magellan’s common units as of Friday. Oneok said it would assume Magellan’s $5 billion in net debt. The deal was expected to close in the third quarter, pending the approval of regulators and investors.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
ONEOK to buy Magellan Midstream Partners in deal valued at $18.8 billionONEOK Inc agreed to buy Magellan Midstream Partners in a cash and stock deal valued at around $18.8 billion including assumed debt to diversify in the midstream oil and gas industry, the company said on Sunday.
Les mer »
US pipeline operator ONEOK moves into oil, products with $18.8 bln Magellan dealONEOK Inc agreed on Sunday to buy U.S. pipeline operator Magellan Midstream Partners in a cash-and-stock deal valued at about $18.8 billion including debt, bringing natural gas-focused ONEOK into transporting refined products and oil.
Les mer »
Gov. Gavin Newsom says California’s budget deficit has grown to nearly $32 billionCalifornia's budget deficit has grown to nearly $32 billion, Gov. Gavin Newsom announced Friday, saying the state's challenges are partly due to high inflation and a decision to let most people delay filing their taxes because of a series of winter storms.
Les mer »
Germany to provide 2.7 billion euro military aid package to UkraineThe package will include 30 Leopard tanks, the Ukrainian president's chief of staff said.
Les mer »
Close to 2 Billion SHIB Burned This Week, Price Goes Up 2.36% in ResponseA massive amount of Shiba Inu have been burned, the price has finally reacted, pushing into the green
Les mer »
Two Adani Group firms to raise up to $2.57 billion from the marketTwo Adani group companies including the Indian conglomerate's flagship firm announced plans on Saturday to raise up to $2.57 billion from the market, months after a short-seller report battered investor confidence and drove share prices down.
Les mer »