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    Brief: Oneok Says Co To Acquire Brazos Midstream's Permian Midland Basin Assets For $4.425 Billion

    Picture of Apollo Global Management logoApollo Global Management
    31/08/2026 01:47
    BRIEF-Oneok Says Co To Acquire Brazos Midstream's Permian Midland Basin Assets For $4.425 Billion
    Aug 30 (Reuters) - Apollo Global Management, Inc. APO.N:
    • ONEOK TO ACQUIRE BRAZOS MIDSTREAM'S PERMIAN MIDLAND BASIN ASSETS FOR $4.425 BILLION
    • ONEOK, - ACQUISITION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO EARNINGS AND FREE CASH FLOW PER SHARE
    • ONEOK, - ACQUISITION FUNDED BY $9 BILLION NONVOTING MINORITY EQUITY INVESTMENT FROM APOLLO
    • ONEOK, INC.- CO INTENDS TO USE $5 BILLION OF PROCEEDS FROM EQUITY INVESTMENT TO REDUCE ONEOK'S EXISTING INDEBTEDNESS
    Source text: ID:nPn51M1xga
    Further company coverage: APO.N

     ((Reuters.Briefs@thomsonreuters.com;))

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