MMP / Magellan Appears to Be Winning Shareholder Backing for Oneok Deal

ONEOK announced a merger with Magellan Midstream Partners, one of the largest deals in the energy sector, which will significantly increase OKE's EBIT more_horizontal

With Wall Street ending a tumultuous week amid a hawkish Fed outlook, investors should invest in safe stocks like Magellan Midstream Partners (MMP), T more_horizontal

The proposed transaction involves the acquisition of all outstanding units of Magellan Midstream (MMP) by ONEOK through a mixture of cash and stock. more_horizontal

The $19 billion transaction was was approved at a unit holder meeting Thursday, despite some investor opposition to the deal. more_horizontal

Magellan Midstream Partners' unitholders on Thursday voted in favour of the U.S. pipeline operator's planned sale to larger peer ONEOK Inc for $18.8 b more_horizontal

Does Magellan Midstream Partners (MMP) have what it takes to be a top stock pick for momentum investors? Let's find out. more_horizontal

Magellan Midstream Partners has pressed its case for the $19 billion deal, citing strategic benefit and downplaying tax issues ahead of next week's vo more_horizontal

When a company agrees to be acquired, there's often a premium built into the takeout price. Investors usually bid a stock up toward the purchase offer more_horizontal