ONEOK to buy remaining EnLink Midstream units in $4.3bn deal [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:
enlink.com/investors
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Source: Yahoo! Finance
The acquisition, expected to close in Q1 2025, will see ONEOK issue approximately 37 million shares. As per the deal, each outstanding EnLink unit will be converted into 0.1412 shares of ONEOK common stock. The EnLink Conflicts Committee, comprising three independent directors, evaluated the transaction with independent legal and financial advisors. The committee unanimously determined that the transaction is in the best interests of EnLink and its public unitholders, recommending approval to the EnLink Board. ONEOK has committed to voting its 44% stake in EnLink in favour of the transaction. The merger requires approval from a majority of EnLink's outstanding common units and is subject to customary closing conditions. No further regulatory approvals are needed, as the Hart-Scott-Rodino Act waiting period has been completed. ONEOK president and CEO Pierce H. Norton II said: "This tax-free transaction to acquire the remaining outstanding EnLink units is expected to be acc
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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