ONEOK Inc. Plunge 6.7% Amid Investor Concerns Over $4.3 Billion EnLink Midstream Acquisition [Yahoo! Finance]
ONEOK, Inc. (OKE)
Last oneok, inc. earnings: 4/28 04:15 pm
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US:NYSE Investor Relations:
ir.oneok.com/news-and-events/events-and-presentations
Company Research
Source: Yahoo! Finance
Based on this calculation, themajor cause of the stock price decline is due to the offered approximately 37 million new shares will be about 6% of the total shares once the acquisition would be done. Warning! GuruFocus has detected 11 Warning Signs with OKE. The issues do not end with the dilution as investors are also concerned with how the firm will successfully integrate the acquisition and how will manage the extra debt load normally associated with such a move. ONEOK Inc., has signed a definitive merger accord in which the company will purchase all the remaining ENLK common units for 4.3 billion ONEOK common stock. The transaction terms include: Exchange Ratio: Each of the outstanding common units of EnLink will be exchanged for 0.1412 share in ONEOK's common stock. New Shares Issued: ONEOK will sell about 37 million shares, or roughly 6% of the total shares outstanding after the offering iscomplete. Deal Closure: The transaction is likely to be completed in the
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OKE
News
- Institutional investors in ONEOK, Inc. (NYSE:OKE) lost 6.4% last week but have reaped the benefits of longer-term growth [Yahoo! Finance]Yahoo! Finance
- ONEOK, Inc. (NYSE: OKE) was downgraded by analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating. They now have a $107.00 price target on the stock.MarketBeat
- Is Nuveen ESG Mid-Cap Value ETF (NUMV) a Strong ETF Right Now? [Yahoo! Finance]Yahoo! Finance
- ONEOK to Participate in Investor Conference [Yahoo! Finance]Yahoo! Finance
- ONEOK to Participate in Investor ConferencePR Newswire
OKE
Earnings
- 10/29/24 - Miss
OKE
Sec Filings
- 12/11/24 - Form 8-K
- 12/9/24 - Form S-4
- 12/5/24 - Form 8-K
- OKE's page on the SEC website