One-Page Deal Sheet
ONEOK to Buy Out ONEOK Partners for $9.3B
Oneok Inc. Oneok Partners, L.P.
Announced Date
February 01,2017
Close Date
June 30,2017
Transaction Type
Corporate
Location
Region
Rockies,Mid-Continent,Permian
Country
United States
Transaction Details: Subscribe to see
ONEOK, Inc. will acquire all of the outstanding common units of ONEOK Partners it does not already own for $9.3 billion in ONEOK common stock.
Under the agreement, each outstanding common unit of ONEOK Partners that ONEOK does not already own will be converted into .985 shares of ONEOK common stock, representing a 22.4 percent premium to the ONEOK Partners closing price on Jan. 27, 2017.
Completion of the transaction is expected to occur in the second quarter of 2017.
Following the close of the transaction, ONEOK is expected to have a more than $30 billion enterprise value and will continue…
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