Oneok to acquire medallion and controlling interest in enlink from global infrastructure partners in transactions valued at $5.9 billion

Establishes fully integrated permian basin platform at scale expands and extends footprint in mid-continent, north texas and louisiana delivers immediate accretion to eps and fcf supporting capital allocation strategy provides significant synergies through complementary asset positions maintains oneok's strong investment-grade credit ratings  oneok intends to pursue a tax-free acquisition of the enlink  publicly held interests following the closing of this transaction tulsa, okla. , aug. 28, 2024 /prnewswire/ -- oneok, inc. (nyse: oke) ("oneok") today announced that it has executed a definitive agreement with global infrastructure partners ("gip") under which oneok will acquire gip's entire interest in enlink midstream, llc (nyse: enlc) ("enlink"), consisting of 43% of enlink's outstanding common units for $14.90 per unit and 100% of the interests in the managing member for $300 million, for total cash consideration of approximately $3.3 billion.
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