Oneok’s acquisition of EnLink Midstream recommended by ISS; Glass Lewis

Oneok (OKE) and EnLink Midstream (ENLC) announced that the two leading independent proxy advisory firms, ISS and Glass Lewis, have recommended that EnLink unitholders vote in favor of Oneok’s pending acquisition of the remaining publicly held common units of EnLink at the upcoming Special Meeting of EnLink Unitholders. The Special Meeting is scheduled to take place on Jan. 30 and will be held virtually. The EnLink Board of Directors and the Conflicts Committee of the EnLink Board of Directors unanimously recommend that unitholders vote for all proposals provided in detail in the definitive proxy statement related to the Special Meeting. Completion of the acquisition is subject to the approval of a majority of the outstanding EnLink common units including common units owned by Oneok and other customary closing conditions. No Oneok shareholder vote is required to complete the transaction. The transaction is expected to close soon after the Special Meeting, subject to the satisfaction or waiver of all other closing conditions.