Oneok $9.3 billion acquisition of Oneok Partners

Overview:

• Oneok is purchasing the remainder of pipeline company Oneok Partners in a $9.3 billion master limited partnership (MLP) deal.
• The newly formed company will have an oil and gas network that extends across the Williston Basin, the Midwest, the Gulf Coast, US Mid-continent, and the recently much sought after Permian Basin.
• JPMorgan Securities acted as financial adviser for Oneok and Barclays acted as financial adviser for Oneok Partners.
• The transaction is expected to close by the end of the second quarter.

Kurt Stumpo - Journalist