When was the sale announced and when was the 8-K filed?

The sale agreement was announced on December 1, 2011, and the 8-K filing was made on December 4, 2011 (reporting an event date of December 4, 2011, although the announcement date was earlier).

Will the financial terms of the sale be disclosed in this filing?

No, this 8-K filing primarily serves as a disclosure of the agreement to sell and does not detail the specific financial terms of the transaction. Investors should refer to future filings for such information.

How is the information being disclosed, and what are the implications?

The information is being furnished under Regulation FD, including a press release as an exhibit. This means it's for broad public dissemination. Importantly, the information furnished under Item 7.01 is not deemed "filed" for liability purposes under Section 18 of the Exchange Act, nor automatically incorporated into other filings unless specifically referenced.

OKE 8-K: Regulation FD

Q: What is the main event reported in this 8-K filing?

The main event is ONEOK Inc.'s announcement of a definitive agreement to sell its subsidiary, ONEOK Energy Marketing Company, to Constellation Energy Group, Inc.

Summary

ONEOK Inc. (OKE) announced on December 1, 2011, a definitive agreement to sell its subsidiary, ONEOK Energy Marketing Company, to Constellation Energy Group, Inc. This transaction represents a strategic divestiture by ONEOK, signaling a potential shift in its business focus. Investors should note that the details of this sale are being disclosed under Regulation FD, and while a press release is attached as an exhibit, the information is furnished and not deemed "filed" under the Securities Exchange Act of 1934. The sale of ONEOK Energy Marketing Company indicates a move to streamline operations and potentially reallocate capital towards core business segments. While the financial terms of the divestiture are not detailed in this specific 8-K filing, investors should monitor future filings for information regarding the proceeds from the sale and how these funds will be utilized, whether for debt reduction, share repurchases, or reinvestment in growth opportunities within ONEOK's remaining operations. This development is significant for understanding ONEOK's evolving strategic direction.

Key Highlights

1ONEOK Inc. (OKE) has entered into a definitive agreement to sell its subsidiary, ONEOK Energy Marketing Company.
2The buyer of the subsidiary is Constellation Energy Group, Inc.
3The announcement of the agreement was made on December 1, 2011.
4This information is being disclosed via a press release furnished under Regulation FD.
5The press release is included as Exhibit 99.1 to this 8-K filing.
6The transaction represents a strategic divestiture of a business segment by ONEOK.

ONEOK INC /NEW/ 8-K Report, Regulation FD Disclosure (Dec 5, 2011)

Summary

Key Highlights

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