Magellan midstream merger.

By Tsvetana Paraskova - May 15, 2023, 4:00 AM CDT. ONEOK will buy Magellan Midstream Partners in a cash-and-stock deal valued at $18.8 billion, creating a combined U.S. oil and gas pipeline giant ...Updated on. May 15, 2023 at 5:45 AM PDT. Listen. 2:22. Oneok Inc. agreed to buy Magellan Midstream Partners LP in a $18.8 billion cash-and-stock transaction that would create one of the largest US ...In connection with the proposed merger (the "Proposed Transaction") between ONEOK and Magellan, ONEOK filed with the SEC a registration statement on Form S-4 (as amended, the "Registration ...Magellan Midstream Partners, L.P. is known for being a reliable income investment, although that alone does not make them a good choice. Somewhat disappointingly, they failed to materially benefit ...Keeping up-to-date on your Magellan RoadMate updates helps ensure your GPS has the most recent information so it can help you get where you need to go. To run the updates through the Magellan website, you’ll need to use the login informatio...

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ONEOK Inc. announced Sunday that it will acquire Magellan Midstream Partners LP for $18.8 billion, including assumed debt, resulting in a combined company with a total value of $60 billion.In May, ONEOK (OKE) made an announcement regarding its acquisition of Magellan Midstream Partners LP (MMP) for a total value of $18.8 billion, which includes cash and stocks. This move drew attention as it positions ONEOK, primarily known for its involvement in the provision, gathering, and processing of Natural Gas (NG), to become …

Magellan Midstream Partners has pressed its case for the $19 billion deal, citing strategic benefit and downplaying tax issues ahead of next week's vote.29 Aug, 2022, 09:00 ET. TULSA, Okla., Aug. 29, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that following a successful open season, we plan to expand our ...Magellan Midstream Partners (NYSE:MMP) -1.5% in early trading Tuesday, giving back a sliver of its 13.5% gain that followed news of Oneok's purchase of the partnership in a cash and stock deal ...Maks_Lab. Oneok ( NYSE: OKE) said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its acquisition of Magellan Midstream Partners ( NYSE: MMP) has expired. The ...Despite public opposition from some investors, Magellan Midstream Partners shareholders OK’d a $18.8 billion merger with midstream player ONEOK Inc., but analysts and investors still have ...

Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today commented on a report regarding Magellan's pending merger with ONEOK, Inc. (NYSE: OKE) ("ONEOK") written by Robert Willens, an ...

Maks_Lab. Oneok ( NYSE: OKE) said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its acquisition of Magellan Midstream Partners ( NYSE: MMP) has expired. The ...

Total consideration for each Magellan unit is $67.50 Consideration consists of $25.00 in cash and 0.6670 shares of ONEOK common stock, based on ONEOK’s May 12, 2023 closing price of $63.72 Represents a premium of 22% to Magellan’s closing price and 22% to Magellan’s 20-day VWAP as of May 12, 2023 $18.8 billion transaction valueMay 15, 2023 · By Tsvetana Paraskova - May 15, 2023, 4:00 AM CDT. ONEOK will buy Magellan Midstream Partners in a cash-and-stock deal valued at $18.8 billion, creating a combined U.S. oil and gas pipeline giant ... Jul 11, 2023 · TULSA, Okla. – Magellan Midstream Partners, L.P. (NYSE: MMP) (“Magellan”) announced today that we have scheduled a virtual special meeting of unitholders for Sept. 21, 2023 at 10:00 a.m. Central in connection with our pending merger with ONEOK, Inc. (NYSE: OKE) (“ONEOK”). Magellan maintains that the merger provides a substantial premium to its unitholders. The current deal value of about $70 surpasses the initial deal value of $67.50 and the pre-deal unit price of $55.Jun 8, 2023 · Compared to the purported tax benefit to the combined ONEOK/Magellan entity of $1.5 billion, only 23% of which would accrue to Magellan unitholders post-merger, this deal represents an enormous ... Stock and cash acquisition. ONEOK (NYSE: OKE) will acquire all outstanding common units of Magellan Midstream Partners (NYSE: MMP) Mix of 63% stock / 37% cash Current …

ONEOK, Inc. OKE announced the completion of its previously announced acquisition of Magellan Midstream Partners, L.P. This $18.8-billion merger deal created one of the largest oil and natural gas ... TULSA, Okla., May 14, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today announced that …May 15, 2023 · Oneok's $18.8 billion deal for Magellan Midstream Partners ... UBS Global Research analyst Brian Reynolds said he expected a negative market reaction to the Oneok merger announcement. Not only is ... Overview The Proposed Merger • Magellan (“MMP”) unitholders will receive $25 in cash and 0.667 shares of ONEOK (“OKE”) • Magellan unitholders will pay $2.7 billion in income and cap gains taxes. ... The resolution requests that the Board of the General Partner of Magellan Midstream Partners, L.P (” Magellan”), within ninety days ...Company Profile. Magellan Midstream Partners, L.P. primarily transports, stores and distributes refined petroleum products and crude oil. The Company owns refined petroleum products pipeline system in the country and can store more than 100 million barrels of petroleum products, such as gasoline, diesel fuel and crude oil.Magellan Midstream shareholders vote in favor of the $18.8 billion sale to Oneok, as both companies move forward with the approved deal. ... Advisory vote on merger compensation for MMP management ...Tulsa-based Magellan primarily transports, stores and distributes refined petroleum products and crude oil. The company owns the longest refined petroleum products pipeline system in the country ...

11 Sept 2023 ... The right to issue this special distribution was negotiated as part of our pending merger with ONEOK, Inc., providing us the option to pay up to ...Magellan has increased its dividend annually for a very long time, but within that streak was another one, with quarterly hikes since the start of 2010. That smaller streak ended in 2020, with the ...

To install Magellan GPS updates, users must download and install the Content Manager software on the Magellan website and then launch the program, check for updates and select what updates to install. Magellan GPS map updates are available ...May 14, 2023 · TULSA, Okla. – May 14, 2023 – ONEOK, Inc. (NYSE: OKE) (“ONEOK”) and Magellan Midstream Partners, L.P. (NYSE: MMP) (“Magellan”) today announced that they have executed a definitive merger agreement under which ONEOK will acquire all outstanding units of Magellan in a cash-and-stock transaction valued at approximately $18.8 billion ... 18 Aug 2023 ... CEO Aaron Milford joined Jim Cramer on CNBC's “Mad Money” to discuss why Magellan's pending merger with ONEOK is in the best interest of ...Tax Withholding Related to Merger Transaction The receipt of shares of ONEOK, Inc. (“ONEOK”) common stock and cash in exchange for Magellan Midstream Partners, L.P. (“Magellan”) units pursuant to the merger will be treated as a taxable sale of Magellan units for U.S. federal income tax purposes.Jul 25, 2023 · Magellan Midstream Partners Chief Executive Aaron Milford said he is confident the pipeline operator's planned sale to larger peer ONEOK Inc for $18.8 billion will gain approval from its investors ... Oneok (OKE 1.48%) and Magellan Midstream agreed to a merger agreement worth $18.8 billion, including assumed debt. Under the terms of the agreement, Oneok will pay $25 in cash plus 0.667 shares of ...ABOUT MAGELLAN MIDSTREAM PARTNERS: Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and ...Filed by Magellan Midstream Partners, L.P. pursuant to Rule 425 under the Securities Act of 1933 . and deemed filed pursuant ... pursuant to that certain Agreement and Plan of Merger, dated May 14, 2023, by and among ONEOK, Magellan and Otter Merger Sub, LLC, a Delaware limited liability company and a newly formed, wholly owned subsidiary …TULSA, Okla., Sept. 25, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) (ONEOK) today announced that it has completed its acquisition of Magellan Midstream Partners, L.P. …The taxable structure of the merger results in a $13.40 average per unit up-front tax payment for Magellan unitholders. This exceeds the merger premium by about $1 per unit ($0.2 billion).. The ...

Sep 8, 2023 · Summary. Oneok plans to acquire Magellan Midstream Partners at a significant premium of where it was trading pre-announcement at $67.50 per share. The merger vote is set for September 21, with ...

Total consideration for each Magellan unit is $67.50 Consideration consists of $25.00 in cash and 0.6670 shares of ONEOK common stock, based on ONEOK’s May 12, 2023 closing price of $63.72 Represents a premium of 22% to Magellan’s closing price and 22% to Magellan’s 20-day VWAP as of May 12, 2023 $18.8 billion transaction value

The Oneok merger deal with Magellan Midstream Partners may not be a sure thing, after an adverse investor reaction and questions about the merits of the $18.8 billion transaction that would create ...Tulsa-based Magellan primarily transports, stores and distributes refined petroleum products and crude oil. The company owns the longest refined petroleum products pipeline system in the country ...Jul 25, 2023 · Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today commented on a report regarding Magellan's pending merger with ONEOK, Inc. (NYSE: OKE) ("ONEOK") written by Robert Willens, an ... Magellan has increased its dividend annually for a very long time, but within that streak was another one, with quarterly hikes since the start of 2010. That smaller streak ended in 2020, with the ...Sep 22, 2023 · ONEOK Inc. ( OKE) and Magellan Midstream Partners L.P. (MMP) announced that, at their respective Special Meetings, ONEOK shareholders and Magellan unitholders approved the previously announced merger. According to preliminary results of the ONEOK Special Meeting of Shareholders, approximately 96% of the common shares voted were in favor of the ... TULSA, Okla., Aug. 16, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today mailed materials to unitholders in connection with our pending …Magellan Midstream Sets Record and Meeting Dates for Pending ONEOK Merger Vote: 06/29/2023: Magellan Midstream to Announce Second-Quarter 2023 Financial Results on Aug. 3: 06/28/2023: Magellan Midstream’s 2022 Schedule K-3 Now Available: 06/27/2023: ONEOK and Magellan Announce Expiration of Hart-Scott-Rodino …Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Aaron Milford, chief executive officer, is scheduled to participate in a question and answer session about Magellan and our ...Transaction to Close on September 25, 2023. TULSA, Okla., Sept. 21, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today announced that, at their respective Special Meetings, ONEOK shareholders and Magellan unitholders approved the previously …TULSA, Okla., May 14, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today announced that …Filed by Magellan Midstream Partners, L.P. pursuant to Rule 425 under the Securities Act of 1933 . and deemed filed pursuant ... pursuant to that certain Agreement and Plan of Merger, dated May 14, 2023, by and among ONEOK, Magellan and Otter Merger Sub, LLC, a Delaware limited liability company and a newly formed, wholly owned subsidiary …Jul 25, 2023 · Magellan Midstream Partners Chief Executive Aaron Milford said he is confident the pipeline operator's planned sale to larger peer ONEOK Inc for $18.8 billion will gain approval from its investors ...

In the post-merger case, assuming Magellan unitholders re-invest the remaining cash proceeds after paying the $13.40 per unit tax into additional OKE shares, Magellan unitholders would collect ...Oneok's $18.8 billion deal for Magellan Midstream Partners ... UBS Global Research analyst Brian Reynolds said he expected a negative market reaction to the Oneok merger announcement. Not only is ...Oneok will acquire Magellan Midstream in a cash-and-stock deal valued at nearly $18.8 billion, including assumed debt. The deal is expected to close in the third quarter. Every Magellan Midstream ...Instagram:https://instagram. primecap odyssey growth fundamg gt 53 horsepoweripod soldmarket stock hours TULSA, Okla. - May 14, 2023 - ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today announced that they have executed a definitive merger agreement under which ONEOK will acquire all outstanding units of Magellan in a cash-and-stock transaction valued at approximately $18.8 billion including ...Jul 25, 2023 · Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today commented on a report regarding Magellan's pending merger with ONEOK, Inc. (NYSE: OKE) ("ONEOK") written by Robert Willens, an ... buy stock etrade appb reit Ferdinand Magellan discovered the Straits of Magellan, a passageway through southern South America and the Pacific Ocean. While Magellan receives credit as the first to circumnavigate the world, his slave Enrique was the first to complete t...The special meeting of unitholders will be held virtually on Sept. 21, 2023 at 10:00 a.m. Central. Magellan unitholders of record at the close of business on July 24, 2023 are entitled to vote at ... tupperwar stock Sep 21, 2023 · ABOUT MAGELLAN MIDSTREAM PARTNERS: Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and ... Fitch Ratings-Toronto-15 May 2023: The agreement for ONEOK, Inc. (OKE; BBB/Stable) to purchase Magellan Midstream Partners, L.P. (MMP; NR) is neutral for OKE’s credit quality, according to Fitch Ratings. Fitch ratings does not currently rate MMP. OKE, which is the largest gathering and processing (G&P) and natural gas liquids (NGL) …