ONEOK to Sell Three Interstate Natural Gas Pipeline Systems for $1.2B
ONEOK(OKE) ZACKS·2024-11-20 23:35
ONEOK, Inc. (OKE) announced that it has executed a definitive agreement with DT Midstream, Inc. (DTM) . Under this agreement, ONEOK will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2 billion, subject to customary adjustments.The transaction, unanimously approved by the boards of directors of both ONEOK and DT Midstream, is expected to be closed in the fourth quarter of 2024, subject to customary closing conditions, including Hart-Scott-Rodino Act ...