ONEOK (OKE) (“ONEOK”) and Magellan Midstream Partners (MMP) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in connection with ONEOK’s pending acquisition of Magellan. The expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the transaction. The transaction is expected to close in the Q3 subject to approval by both ONEOK shareholders and Magellan unitholders, and other customary closing conditions.
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