Oneok Inc.
ONEOK Announces Filing of Definitive Proxy Materials for EnLink Acquisition
Summary
On December 31, 2024, ONEOK, Inc. and EnLink Midstream, LLC announced that EnLink has filed definitive proxy materials with the SEC in connection with ONEOK's pending acquisition of the remaining publicly held common units of EnLink. The Special Meeting of EnLink Unitholders is scheduled for January 30, 2025. EnLink's board of directors recommends that unitholders vote "FOR" all proposals detailed in the proxy statement. Proxy materials are expected to be mailed on or about December 31, 2024. ONEOK has committed to vote its EnLink common units in favor of the proposed transaction.
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About Oneok Inc.
Oneok Inc., a prominent energy company, plays a crucial role in the United States' natural gas and natural gas liquids (NGL) industries. As an integral midstream service provider, Oneok focuses on gathering, processing, transportation, and storage of natural gas, as well as the fractionation and distribution of NGL products. Its operations span extensive and strategically positioned infrastructure, particularly in prolific production areas like the Rocky Mountains, Mid-Continent, and Permian Basin regions. These operations allow Oneok to efficiently manage the supply chain of hydrocarbons from the extraction points to end-users, ensuring a reliable energy supply. The company's comprehensive service offerings cater to a diverse clientele, including utilities, refiners, and chemical companies. Established in 1906, Oneok has significantly contributed to the energy landscape by enhancing the value chain of natural gas and fostering the transition towards cleaner energy sources. The company's dedication to safety, operational excellence, and sustainability underscores its commitment to the evolving energy market.
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