Oneok to acquire magellan midstream partners in transaction valued at $18.8 billion

Brings together two premier energy infrastructure businesses with strong returns on invested capital and diverse free cash flow generation expect to achieve immediate financial benefits, including cost, operational and tax synergies, supporting meaningful expected accretion compelling long-term value proposition driven by consistent and disciplined capital allocation philosophy complementary and diversified asset positions with potential for additional cost and commercial synergies over time strong investment-grade credit ratings with enhanced scale and diversification tulsa, okla. , may 14, 2023 /prnewswire/ -- oneok, inc. (nyse: oke) ("oneok") and magellan midstream partners, l.p.
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