Magellan Midstream Partners Unit Holders Approve $19B Merger Deal With Oneok

Magellan Midstream Partners unit holders have approved the pipeline company’s $19 billion merger agreement with Oneok, the company said at a special shareholder meeting held Thursday morning.

But unit holders backed Magellan management, which argued the deal offered a sizable premium to unit holders and would create a more diversified and stable business. Magellan Midstream Partners units were down 0.1% to $69.02 on Thursday morning, while Oneok slipped 1.3% to $66.13 in the wake of the news. Magellan is trading in line with the deal value, which Barron’s calculated at about $69.10 per unit.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

MarketWatch /  🏆 3. in NL

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Magellan Picks Up Support of Big Investor for Merger but Deal Outlook Remains CloudyALPS Advisors, which runs a big ETF, backs Magellan's deal with Oneok but many retail investors oppose it. The vote is Thursday.
Lees verder »