In a merger slightly less surprising than the recently announced LIV/PGA merger,midstream corporation ONEOK(OKE)announced the $18.8 billion acquisition of Magellan Midstream Partners(MMP),a prominent publicly traded partnership(or MLP).The deal between two titans of Tulsa,Okla.,has certainly made waves in a space that has few remaining large companies.The OKE/MMP merger process looks to be the primary drama for a sector that has largely lacked drama during the last few years.There's potential for investor pushback,issues with proxy services recommendations,potential alternative bidders,recutting of the deal between the parties,and the eventual unitholder vote sometime in the fall if the current deal stays on track.
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