ONEOK, Inc. announced on January 31, 2025, the completion of its acquisition of EnLink Midstream, LLC. This follows the approval of the transaction by EnLink unitholders at a special meeting held on January 30, 2025.
With the completion of this acquisition, EnLink unitholders, other than ONEOK, received 0.1412 shares of ONEOK common stock for each outstanding EnLink common unit. EnLink common units will no longer be publicly traded on the New York Stock Exchange.
This transaction further enhances ONEOK's integrated midstream business, strengthening its value chain and diversifying its platform. The company expects this acquisition to provide exceptional value to all stakeholders and looks forward to the benefits of integrating EnLink's operations.
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