Oneok to Buy Rest of EnLink Midstream for $4.3 Billion in Stock

US pipeline operator Oneok Inc. will acquire the common units of EnLink Midstream LLC it doesn’t own for $4.3 billion, according to a statement.

The EnLink shares will be converted into 0.1412 shares of Oneok common stock, the statement said. Oneok, which owns 44% of EnLink, will issue approximately 37 million shares for the transaction, with completion expected in the first quarter of 2025.