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MALJF / Magellan Holders Now Own ONEOK; There Are Better Values In The Space
Magellan Midstream holders have approved the acquisition deal by ONEOK, despite concerns over tax consequences. The deal will create a more diversified company, with ONEOK bringing natural gas and natural gas liquids to the table. The combined company is expected to generate about $6.1 billion in adjusted EBITDA in 2024, valuing it at roughly 10x 2024 EBITDA.
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Posted: Sep 23 2023, 09:52
Author Name: Seeking Alpha
Views: 110690
MALJF News
By Seeking Alpha
September 23, 2023
Magellan Holders Now Own ONEOK; There Are Better Values In The Space
Magellan Midstream holders have approved the acquisition deal by ONEOK, despite concerns over tax consequences. The deal will create a more diversifie more_horizontal