Oneok shakes up the midstream industry
Valutico
MAY 24, 2023
billion cash and stock deal to acquire Magellan Midstream Partners, forming a combined entity valued at USD 60 billion. With the economic recovery in 2021 and a resurgence in energy demand, Oneok’s operations and financial performance improved, leading to a rebound in its share price. billion using a WACC of 10%.
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