AI English summary of an SEC filing — figures as filed
The company said it and EnLink Midstream will hold the EnLink special meeting of unitholders virtually at 10 a.m. Central Time (11 a.m. Eastern Time) on January 30, 2025. Unitholders of record as of the close of business on December 23, 2024 will be entitled to vote.
Key points
AI summaryThe company said it and EnLink Midstream will hold the EnLink special meeting of unitholders virtually at 10 a.m. Central Time (11 a.m. Eastern Time) on January 30, 2025. Unitholders of record as of the close of business on December 23, 2024 will be entitled to vote.
ONEOK said the EnLink board and its conflicts committee unanimously recommend that unitholders vote FOR all proposals. The company said it has committed to vote its EnLink common units in favor of the transaction.
ONEOK said it will acquire all EnLink common units it does not already own in a tax-free transaction, converting each 1 of those units into 0.1412 ONEOK common shares, as announced on November 24, 2024. The company said completion requires approval by a majority of EnLink's outstanding common units, including those ONEOK owns.
ONEOK said it expects the transaction to close in Q1 2025, subject to approval by EnLink unitholders and other customary closing conditions. The company said no ONEOK shareholder vote is required to complete the transaction.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
EnLink Special Meeting Schedule
The company said it and EnLink Midstream will hold the EnLink special meeting of unitholders virtually at 10 a.m. Central Time (11 a.m. Eastern Time) on January 30, 2025. Unitholders of record as of the close of business on December 23, 2024 will be entitled to vote.
Source · Based on the filing body and exhibits
Unanimous EnLink Board Recommendation to Vote FOR
ONEOK said the EnLink board and its conflicts committee unanimously recommend that unitholders vote FOR all proposals. The company said it has committed to vote its EnLink common units in favor of the transaction.
Source · Based on the filing body and exhibits
Transaction Terms and Exchange Ratio
ONEOK said it will acquire all EnLink common units it does not already own in a tax-free transaction, converting each 1 of those units into 0.1412 ONEOK common shares, as announced on November 24, 2024. The company said completion requires approval by a majority of EnLink's outstanding common units, including those ONEOK owns.
Source · Based on the filing body and exhibits
Closing timing and ONEOK shareholder vote
ONEOK said it expects the transaction to close in Q1 2025, subject to approval by EnLink unitholders and other customary closing conditions. The company said no ONEOK shareholder vote is required to complete the transaction.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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