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Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

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Reported Earlier, ONEOK To Acquire Medallion And Majority Stake In EnLink In A $5.9B Deal, Strengthening Permian Basin Platform

Author: Benzinga Newsdesk | August 29, 2024 02:46am

Establishes fully integrated Permian Basin platform at scale
Expands and extends footprint in Mid-Continent, North Texas and Louisiana
Delivers immediate accretion to EPS and FCF supporting capital allocation strategy
Provides significant synergies through complementary asset positions
Maintains ONEOK's strong investment-grade credit ratings
ONEOK intends to pursue a tax-free acquisition of the EnLink publicly held interests following the closing of this transaction

Posted In: ENLC OKE