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MMP Stock News Image - Barrons

The pipelines combination of Oneoke and Magellan requires shareholder approval from both sides. That is far from certain amid questions about the merit of the $18.8 billion transaction.

Barrons 2023 May 19
MMP Stock News Image - The Motley Fool

Magellan Midstream Partners will become a fully owned subsidiary of Oneok in the next quarter. Investors in the oil stock can still expect big dividends after the merger.

The Motley Fool 2023 May 19
MMP Stock News Image - PRNewsWire

TULSA, Okla. , May 18, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

PRNewsWire 2023 May 18
MMP Stock News Image - Zacks Investment Research

Magellan (MMP) and ONEOK join forces to create a midstream giant with a net enterprise value of $60.0 billion.

Zacks Investment Research 2023 May 18
MMP Stock News Image - Investopedia

Natural gas pipeline operator ONEOK agreed to buy Magellan Midstream Partners, L.P. for $18.8 billion.

Investopedia 2023 May 17
MMP Stock News Image - Zacks Investment Research

Magellan (MMP) projects free cash flow of $1.1 billion and net income per unit of $4.95 for 2023. It also expects refined product rates to increase 11% on Jul 1, 2023.

Zacks Investment Research 2023 May 16
MMP Stock News Image - MarketBeat

Shares of Magellan Midstream Partners NYSE: MMP rose by as much as 16% during the opening of Monday's trading session, while the stock's price action retreated to close the day up by 12.99%; the move is due to undeniably good news for shareholders. ONEOK NYSE: OKE has struck a deal to acquire Magellan Midstream Partners for a total sum of $18.8 billion; the transaction will be broken down into ONEOK reaching all of Magellan's outstanding common stock for a price of $67.50 per share, a term receiving the full credit of Monday's monster rally.

MarketBeat 2023 May 16
MMP Stock News Image - Invezz

Shares of Magellan Midstream Partners LP (NYSE: MMP) opened 15% up on Monday after Oneok Inc (NYSE: OKE) said it will buy the petroleum products distributor for $18.8 billion.

Invezz 2023 May 15
MMP Stock News Image - The Motley Fool

Oneok and Magellan Midstream Partners will combine to form an energy infrastructure giant. Magellan's shareholders will get a big premium, so they may want to remain invested in Oneok after the merger.

The Motley Fool 2023 May 15
MMP Stock News Image - Proactive Investors

ONEOK is acquiring Magellan Midstream Partners in a cash-and-stock transaction valued at approximately $18.8 billion, creating a US oil and gas pipeline giant.  ONEOK, a publicly traded energy company based in Tulsa, has made significant acquisitions and expansions to strengthen its position in the energy infrastructure sector.

Proactive Investors 2023 May 15
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