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. This merger is expected to be earnings accretive from 2024, with projected annual EPS accretion of 3%-7% (2025-2027) and average free cash flow per share growth exceeding 20% (2024-2027).
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