Oneok has completed its previously announced acquisition of Magellan Midstream Partners in a deal valued at US$18.8 billion, including assumed debt.

Magellan unitholders were given US$25.00 in cash along with 0.667 shares of ONEOK common stock for every outstanding Magellan common unit they held. Consequently, Magellan common units will cease to be publicly traded on the New York Stock Exchange (NYSE). However, ONEOK common stock will still be available for trading on the NYSE. The merger received approval from both ONEOK shareholders and Magellan unitholders during their respective special meetings. This acquisition has resulted in the creation of a more diversified North American midstream infrastructure company with a primary focus on providing essential energy products and services to its customers while maintaining a commitment to delivering robust returns to investors.