EnLink Midstream up on sale of remaining shares to ONEOK in $4.3 bln deal

EnLink Midstream LLC

25/11/2024 14:39

(Updates)
    ** Shares of U.S.-based energy firm EnLink Midstream
 ENLC.N  rise 4% to $16.36 
    ** Pipeline operator ONEOK  OKE.N  late on Sunday agreed to
buy the remaining shares of ENLC for $4.3 bln in an all-stock
deal 
    ** OKE had acquired a 43% controlling interest in ENLC
earlier this year
    ** EnLink shareholders to receive 0.1412 shares of OKE
shares per unit
    ** Deal expected to close on or before May 23, 2025
    ** Including session's move, stock up 29.52% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))