Summary
ONEOK, Inc. (OKE) filed an 8-K on February 9, 2004, to report the consummation of an underwritten offering of its common stock. The company sold 6,900,000 shares at a price of $21.93 per share to Citigroup Global Markets Inc. This offering was conducted under an existing registration statement on Form S-3, supplementing a prospectus dated April 15, 2003, with a prospectus supplement dated February 3, 2004. This event signifies a capital-raising activity for ONEOK, Inc., likely to fund operations, investments, or manage its balance sheet. Investors should note the share price and the substantial number of shares issued, which could impact earnings per share. The details of the underwriting agreement and related legal opinions are available in the exhibits.
Key Highlights
- 1ONEOK, Inc. completed an underwritten offering of common stock on February 9, 2004.
- 2A total of 6,900,000 shares were sold.
- 3The offering price per share was $21.93.
- 4The shares were sold to Citigroup Global Markets Inc.
- 5The offering was made under a registration statement on Form S-3.
- 6Key documents related to the offering, including the underwriting and price determination agreements, are filed as exhibits.