OKE Acquiring MMP: Valuation Nice, Taxes Add Wrinkle

On Sunday, midstream corporation ONEOK (OKE) announced that it will acquire MLP Magellan Midstream Partners (MMP) in a cash-and-stock deal valued at $18.8 billion. The deal comes as a surprise and represents a relatively rare example of M&A among unrelated public companies in the midstream space. We believe the deal premium and implied multiple have [...] The post OKE Acquiring MMP: Valuation Nice, Taxes Add Wrinkle appeared first on ETF Trends .