Summary
ONEOK, Inc. (OKE) has filed an 8-K report detailing the progress of its pending acquisition of the remaining publicly held common units of EnLink Midstream, LLC (ENLC). The key update is the announcement that EnLink has filed its definitive proxy materials in connection with the transaction. The EnLink Special Meeting of Unitholders is scheduled for January 30, 2025, to vote on the acquisition. EnLink's board and conflicts committee have unanimously recommended a "FOR" vote from unitholders, and ONEOK, as a significant unitholder, has committed to voting its units in favor of the transaction. This filing serves to inform investors of the upcoming vote and provides important details regarding the proxy materials, which are expected to be mailed around December 31, 2024. Investors are strongly encouraged to review these materials, along with the previously filed Form S-4 registration statement, for comprehensive information on the proposed transaction, associated risks, and voting procedures. The SEC has declared the Form S-4 registration statement effective, and proxy materials are being distributed, signaling movement towards the closing of the acquisition.
Key Highlights
- 1EnLink Midstream, LLC has filed definitive proxy materials for its unitholder meeting regarding the pending acquisition by ONEOK.
- 2The EnLink Special Meeting of Unitholders is scheduled for January 30, 2025, to vote on the proposed acquisition.
- 3EnLink's Board of Directors and Conflicts Committee unanimously recommend voting "FOR" the transaction.
- 4ONEOK has committed to voting its EnLink common units in favor of the acquisition.
- 5ONEOK's Form S-4 registration statement related to the transaction has been declared effective by the SEC.
- 6Proxy materials are expected to be mailed to EnLink unitholders on or about December 31, 2024.