ONEOK Bolsters Portfolio With EnLink Acquisition, $4.3 Billion Deal Unveiled [Yahoo! Finance]
EnLink Midstream, LLC Common Units representing Limited Partner Interests (ENLC)
Last enlink midstream, llc common units representing limited partner interests earnings: 2/25 05:06 pm
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US:NYSE Investor Relations:
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Source: Yahoo! Finance
As per the deal, each EnLink common unit not owned by ONEOK will be exchanged for 0.1412 shares of ONEOK stock. This exchange ratio reflects EnLink's closing price of $15.75 on November 22, 2024, divided by ONEOK's 10-day volume-weighted average price (VWAP). ONEOK will issue approximately 37 million shares, representing about 6% of its total shares outstanding after the transaction. ONEOK, which holds approximately 44% of EnLink's common units, has committed to voting in favor of the transaction. The transaction, subject to customary closing conditions, is expected to close in the first quarter of 2025. The merger's completion requires approval from a majority of EnLink's outstanding common units, including those owned by ONEOK, and satisfaction of other customary closing conditions. Pierce H. Norton II, ONEOK president and chief executive officer, said, “This tax-free transaction to acquire the remaining outstanding EnLink units is expected to be accretive to ONEOK shar
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ENLC
News
- EnLink Midstream, LLC (NYSE: ENLC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- EnLink Midstream, LLC (NYSE: ENLC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- ONEOK: Benefitting From Recent Acquisitions [Seeking Alpha]Seeking Alpha
- EnLink Midstream, LLC (NYSE: ENLC) was downgraded by analysts at US Capital Advisors from a "moderate buy" rating to a "hold" rating.MarketBeat
- SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of EnLink Midstream, LLC - ENLCPR Newswire
ENLC
Earnings
- 11/6/24 - Miss
ENLC
Sec Filings
- 12/11/24 - Form 425
- 12/11/24 - Form 425
- 12/11/24 - Form 425
- ENLC's page on the SEC website