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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on OKE:
- ONEOK and Magellan Announce Expiration of Hart-Scott-Rodino Act Waiting Period
- Oneok files automatic mixed securities shelf
- Oneok’s (NYSE:OKE) $18.8B Deal Creates a Massive Oil and Gas Company
- ONEOK to Acquire Magellan Midstream Partners in Transaction Valued at $18.8 billion
- Oneok affirms FY23 financial guidance