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ONEOK Buys Magellan Midstream Plan For $19B To Boost Offering

Benzinga

ONEOK Inc (NYSE: OKE ) penned a merger deal Magellan Midstream Partners LP (NYSE: MMP ) valued at around $18.8 The combined company, with an enterprise value. billion , including assumed debt. The deal comprises a payment of $25.00 per unit and a 22% premium to MMP's closing price on May 12, 2023.