MMP - Dividend announcements

Transaction to Close on September 25, 2023 TULSA, Okla., Sept. 21, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) ("ONEOK") and Magellan Midstream Partners, L.P. (NYSE:MMP) ("Magellan") today announced that, at their respective Special Meetings, ONEOK shareholders and Magellan unitholders approved the previously announced merger. "We are very pleased with the strong support from ONEOK shareholders and Magellan unitholders, which reflects their belief in the power of our combination," said Pierce H. Norton II, ONEOK president and chief executive officer. "Having achieved this important milestone, we look forward to closing on September 25 and moving forward as one company with a continued commi

TULSA, Okla., Sept. 11, 2023 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE:MMP) has declared a special cash distribution expected to equal 24.74 cents per unit payable on Sept. 25 to unitholders of record at the close of business on Sept. 21. The right to issue this special distribution was negotiated as part of our pending merger with ONEOK, Inc., providing us the option to pay up to $50 million, or 24.74 cents per unit based on the 202.1 million units currently outstanding, if the merger has not closed by Sept. 14 and if we have generated

TULSA, Okla., Sept. 7, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced that the two leading proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co. (Glass Lewis), have recommended that ONEOK shareholders vote in favor of all proposals related to ONEOK's pending acquisition of Magellan Midstream Partners, L.P. (NYSE:MMP) (Magellan) at ONEOK's upcoming Special Meeting of Shareholders. In making the recommendations, ISS and Glass Lewis stated in their September 7, 2023, and September 6, 2023, reports, respectively1: "On balance, given the expected financial strength of the combined company, including the benefits of the tax basis step-up, the expected EP

Follows recommendation from Glass Lewis that unitholders vote "FOR" the transaction TULSA, Okla., Sept. 7, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE:MMP) ("Magellan") today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") recommends that unitholders vote "FOR" the pending merger with ONEOK, Inc. (NYSE:OKE) ("ONEOK") at the virtual special meeting of unitholders scheduled to be held on Sept. 21, 2023. In its report dated Sept. 6, 2023, ISS stated1: "…the board's focus on securing a significant cash portion to

Magellan urges unitholders to vote "FOR" the pending merger today TULSA, Okla., Sept. 7, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE:MMP) ("Magellan") today announced that leading independent proxy advisory firm Glass Lewis & Co. ("Glass Lewis") recommends that unitholders vote "FOR" the pending merger with ONEOK, Inc. (NYSE:OKE) ("ONEOK") at the virtual special meeting of unitholders scheduled to be held on Sept. 21, 2023. In its report dated Sept. 6, 2023, Glass Lewis stated1: "Strategically, we believe the proposed merger could be beneficial to shareholders/unitholders of both of the merger parties, as the deal would result in the creation of a combined energy infrastruct

Transaction delivers full value to Magellan unitholders and provides unitholders with ownership in a stronger combined company Combined company better positioned to address secular risks and achieve strong growth and value creation over the long term Board carefully considered alternative opportunities, structures and tax implications Magellan urges unitholders to vote "FOR" the pending merger today TULSA, Okla., Aug. 29, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE:MMP) ("Magellan") today announced the filing of an investor presentation with the U.S. Securities and Exchange Commission in connection with our pending merger with ONEOK, Inc. (NYSE:OKE) ("ONEOK"). The investo

Mailing and Video with President and CEO Aaron Milford Available on MaximizingValueforMMPunitholders.com TULSA, Okla., Aug. 16, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE:MMP) ("Magellan") today mailed materials to unitholders in connection with our pending merger with ONEOK, Inc. (NYSE:OKE) ("ONEOK") under which ONEOK will acquire all outstanding units of Magellan in a cash-and-stock transaction consisting of $25.00 in cash and 0.667 shares of ONEOK common stock for each outstanding Magellan common unit. The materials outline the tax implications Magellan co

Launches New Website, MaximizingValueforMMPunitholders.com, Outlining Benefits of the Transaction and Tax Considerations for Magellan Unitholders Urges Unitholders to Vote "FOR" the Pending Merger TULSA, Okla., July 25, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE:MMP) ("Magellan") today announced the filing of a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with our pending merger with ONEOK, Inc. (NYSE:OKE) ("ONEOK"). Magellan also launched a website, MaximizingValueforMMPunitholders.com, which reviews the benefits of the merger, outlines certain tax considerations, provides voting instructions for unitholders and shares perspecti

Special Meeting of Shareholders Set for Sept. 21, 2023 ONEOK's Board of Directors Recommends Shareholders Vote "FOR" All Proposals at the Special Meeting TULSA, Okla., July 25, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) ("ONEOK") today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission (the "SEC") in connection with ONEOK's pending acquisition of Magellan Midstream Partners, L.P. (NYSE:MMP) ("Magellan"). The ONEOK Special Meeting of Shareholders (the "Special Meeting") is scheduled to take place on Sept. 21, 2023, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The Special Meeting will be held virtually. All shareholders of record of

TULSA, Okla., June 27, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) ("ONEOK") and Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with ONEOK's pending acquisition of Magellan. The expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the transaction. The transaction is expected to close in the third quarter of 2023 subject to approval by both ONEOK shareholders and Magellan unitholders, and other customary closing conditions. ABOUT ONEOK: ONEOK, Inc. (pronounced ONE-OAK) (NYSE:OKE) is a lead