Oneok magellan vote

Securities and Exchange Commission, oneok magellan vote. The merger remains subject to satisfaction of other customary closing conditions and is anticipated oneok magellan vote close before market on Monday, September 25,with Magellan common units expected to cease trading on the New York Stock Exchange at the close of business on Friday, September Magellan Midstream Partners, L. NYSE: MMP is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil.

Pierce H. Final, formal closure of the transaction is expected early next week after legal and other reviews of details, officials from both companies told the Tulsa World. ONEOK is a leading midstream energy services provider with an approximately 40,mile network of natural gas liquids and natural gas pipelines. The combined company will own thousands of miles of liquids-oriented pipelines, with significant assets and operational expertise at the Gulf Coast and Midcontinent market hubs, ONEOK said. Norton will continue to serve as CEO of the combined company. Specific results of that vote also were not announced, nor was the amount executives would have benefited.

Oneok magellan vote

For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser. Yet, unitholders did vote against executive officers related to the deal being paid compensation. Magellan, in its proxy, cautions that the merger is not conditioned on the compensation vote and that if the acquisition is approved, the executive compensation is payable. Additionally, the company's current Chief Commercial Officer and general council will receive multi-million-dollar packages. Magellan, however, stated that when considering future executive pay, it expects ONEOK to acknowledge the outcome of the compensation vote, along with other factors. The September issue of World Pipelines includes a keynote feature on automation technology for pipelines, and technical articles on deepwater pipeline engineering, hydrogen pipelines, launching and receiving pigs, PLUS a special section on North American pipelines. Steve Biagiotti, Jr. Yoho, P. US pipeline news Acquisitions and mergers. This content is available to registered readers of our magazine only. Please sign in or register for free. You might also like. Already a member? Sign in here.

NYSE: MMP is a publicly traded partnership that primarily transports, oneok magellan vote, stores and distributes refined petroleum products and crude oil. For full functionality of this site it is necessary to enable JavaScript. Subscriber Login.

In June, one of the top stakeholders in Magellan, Energy Income Partners, scrutinised the deal due to its difficult tax structure. Nevertheless, the unit-holders voted against compensation to be paid to top executives related to the deal. Find out more. The merger is not conditioned on the compensation vote and if the acquisition is approved then the compensation is therefore payable. In , US natural gas production was around Five of the 34 natural gas-producing states account for Access the most comprehensive Company Profiles on the market, powered by GlobalData.

The special meeting of unitholders will be held virtually on Sept. Magellan unitholders of record at the close of business on July 24, are entitled to vote at or in advance of the special meeting. Magellan unitholders are encouraged to vote and submit proxies in advance of the special meeting and will have until p. Eastern Time on Sept. Unitholders will be receiving proxy cards or other instructions regarding how to vote on the transaction during the course of the next few days. Milford continued, "In order to receive full value for your units through the completion of the pending transaction, we are asking all Magellan unitholders to vote 'FOR' the merger-related proposals by following the instructions on the WHITE proxy card.

Oneok magellan vote

Following shareholder approvals, the deal is expected to close before markets open on Monday, Sept. East Daley has highlighted investor questions about how commercial synergies can be derived from the deal. In a Sept. The institutions who voted for this deal did not incur the tax, their underlying taxable investors do. Both companies will disclose the final shareholder voting results with the U. Securities and Exchange Commission.

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However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form By GlobalData Submit. Host Richard Kyte and Scott Rada talk about which steps can be taken to boost the social connectivity of our cities and towns, and why rural areas often face the biggest challenges. Read Today's E-edition. Asked in an interview earlier this year how the combined company, if approved, would affect the average Magellan employee, Milford said:. I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the privacy policy. Related to this story. Thank you for subscribing View all newsletters from across the GlobalData Media network. Five of the 34 natural gas-producing states account for Share this. Breaking News Subscribe. Magellan, however, stated that when considering future executive pay, it expects ONEOK to acknowledge the outcome of the compensation vote, along with other factors. Episode A recent study looked at what the best places to live in America have in common. Not ready to buy yet? This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Norton will continue to serve as CEO of the combined company.

The materials outline the tax implications Magellan considered before determining to approve the transaction.

There was a problem saving your notification. Five of the 34 natural gas-producing states account for Read Today's E-edition. The September issue of World Pipelines includes a keynote feature on automation technology for pipelines, and technical articles on deepwater pipeline engineering, hydrogen pipelines, launching and receiving pigs, PLUS a special section on North American pipelines. Your download email will arrive shortly. Edit Close. Not ready to buy yet? However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form. Your notification has been saved. Yoho, P. The merger is not conditioned on the compensation vote and if the acquisition is approved then the compensation is therefore payable. US pipeline news Acquisitions and mergers. This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. My Subscription. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication.