![]() ![]() Once completed, this buyout will create one of the largest energy pipeline operators, combining the expertise and assets of both companies. The transaction is expected to close in the third quarter of this year, subject to approval by ONEOK’s shareholders and Magellan’s unitholders, along with other customary conditions. The exhaustion of the waiting period satisfies one of the conditions necessary for the successful completion of the aforementioned acquisition. The HSR Act is designed to allow the Federal Trade Commission and the Department of Justice to review and evaluate the potential antitrust implications of certain mergers and acquisitions before they are finalized. This milestone marks a step forward in ONEOK's $18.8 billion acquisition of Magellan and brings the transaction closer to completion. ![]() ( MMP Quick Quote MMP - Free Report) announced expiry of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) of 1976 in connection with ONEOK, Inc.'s ( OKE Quick Quote OKE - Free Report) pending acquisition of Magellan. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |