Oneok magellan vote

Pierce H. Final, oneok magellan vote closure of the transaction is expected early next week after legal and other reviews of details, officials from both companies told the Tulsa World. ONEOK is a leading midstream energy services provider with an approximately 40,mile network of natural gas liquids and natural gas pipelines. The combined company will own thousands of miles of liquids-oriented pipelines, with significant assets and operational expertise at the Gulf Coast and Midcontinent market hubs, ONEOK said, oneok magellan vote.

Securities and Exchange Commission. The merger remains subject to satisfaction of other customary closing conditions and is anticipated to close before market on Monday, September 25, , with Magellan common units expected to cease trading on the New York Stock Exchange at the close of business on Friday, September Magellan Midstream Partners, L. NYSE: MMP is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. More information is available at www. This communication contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of , as amended and Section 21E of the Securities Exchange Act of , as amended.

Oneok magellan vote

In June, one of the top stakeholders in Magellan, Energy Income Partners, scrutinised the deal due to its difficult tax structure. Nevertheless, the unit-holders voted against compensation to be paid to top executives related to the deal. Find out more. The merger is not conditioned on the compensation vote and if the acquisition is approved then the compensation is therefore payable. In , US natural gas production was around Five of the 34 natural gas-producing states account for Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form.

The project would be the first major buildout of the Fair Oaks Industrial Park. No offer of securities shall be made except by means of a prospectus oneok magellan vote the requirements of Section 10 of the Securities Act ofas amended.

For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser. Yet, unitholders did vote against executive officers related to the deal being paid compensation. Magellan, in its proxy, cautions that the merger is not conditioned on the compensation vote and that if the acquisition is approved, the executive compensation is payable. Additionally, the company's current Chief Commercial Officer and general council will receive multi-million-dollar packages. Magellan, however, stated that when considering future executive pay, it expects ONEOK to acknowledge the outcome of the compensation vote, along with other factors.

The special meeting of unitholders will be held virtually on Sept. Magellan unitholders of record at the close of business on July 24, are entitled to vote at or in advance of the special meeting. Magellan unitholders are encouraged to vote and submit proxies in advance of the special meeting and will have until p. Eastern Time on Sept. Unitholders will be receiving proxy cards or other instructions regarding how to vote on the transaction during the course of the next few days. Milford continued, "In order to receive full value for your units through the completion of the pending transaction, we are asking all Magellan unitholders to vote 'FOR' the merger-related proposals by following the instructions on the WHITE proxy card.

Oneok magellan vote

The results of the Magellan vote will be disclosed after its meeting, the company said. The buyout, one of the largest private transactions in state history, has been approved unanimously by the boards of directors of both Tulsa-based companies. As of February, Magellan had ,, common units outstanding that were owned by about , record and beneficial owners, the company said. ONEOK has more than 1, institutional owners and shareholders that have filed forms with the Securities and Exchange Commission, with at least ,, shares. Magellan, first established as Williams Energy Partners in , is a publicly traded company that primarily transports, stores and distributes refined petroleum products and crude oil. Those who are investors as of July 24 will be able to vote in their respective virtual meetings, both companies said. As part of the registration process, investors will need to enter the control number found on their proxy card, voting information form or notice previously received.

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There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. All statements, other than statements of historical fact, included in this communication that address activities, events or developments that ONEOK or Magellan expects, believes or anticipates will or may occur in the future are forward-looking statements. Additionally, the company's current Chief Commercial Officer and general council will receive multi-million-dollar packages. TSA unveils passenger self-screening lanes at Las Vegas airport. Jabraan Pasha said the team was informed Monday that the clinic, which opened last summer in Tulsa's historic Greenwood District, would be…. National investor dropping out forces Juno to shutter Tulsa clinic, medical director says. The new Tulsa World app offers personalized features. Sign up for our daily news round-up! Sign in here. This content is available to registered readers of our magazine only. Please log in to use this feature Log In.

Brings together two premier energy infrastructure businesses with strong returns on invested capital and diverse free cash flow generation. Expect to achieve immediate financial benefits, including cost, operational and tax synergies, supporting meaningful expected accretion. Compelling long-term value proposition driven by consistent and disciplined capital allocation philosophy.

People are also reading…. Search Button Close. Gain competitive edge. Subscriber Login. We are confident about the unique quality of our Company Profiles. Download a free sample We are confident about the unique quality of our Company Profiles. Final, formal closure of the transaction is expected early next week after legal and other reviews of details, officials from both companies told the Tulsa World. Yoho, P. The new store will be home to more than a million products from hunting gear to home decor. Download it today. The new Tulsa World app offers personalized features.