Oneok Inc (OKE)

OKE stock is falling after the company announced plans to acquire Magellan Midstream Partners, L.P. (NYSE:MMP). The offer has it promising $25 in cash, as well as 0.6670 shares of OKE stock, for each share of MMP stock. OKE stock will continue to trade after the merger with MMP stock no longer being publicly listed. The deal is set to close in the third quarter of 2023, so long as investors and regulators approve the merger.

https://investorplace.com/2023/05/why-is-oneok-oke-stock-down-7-today/