NYSE:MMP
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Magellan Midstream Partners Lp Stock News

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At Close: Dec 21, 2023
ONEOK Inc and Magellan Midstream Partners merger would create the fourth largest US midstream company with combined enterprise value of $60 billion.
Energy Transfer's long history of poor returns and execution make these two alternatives the better investment choices.
The pipelines combination of Oneoke and Magellan requires shareholder approval from both sides. That is far from certain amid questions about the merit of the $18.8 billion transaction.
Magellan Midstream Partners will become a fully owned subsidiary of Oneok in the next quarter. Investors in the oil stock can still expect big dividends after the merger.

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02:56pm, Thursday, 18'th May 2023
May started off on a bit of a sour note, with the broader indexes giving up some of their gains. Declining prices have helped push up dividend yields across the board as share prices fall.
TULSA, Okla. , May 18, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.
Magellan (MMP) and ONEOK join forces to create a midstream giant with a net enterprise value of $60.0 billion.
Natural gas pipeline operator ONEOK agreed to buy Magellan Midstream Partners, L.P. for $18.8 billion.
ONEOK's acquisition of Magellan Midstream Partners is the latest deal in the midstream sector. While most prior transactions have been strategically focused, this deal has a notable financial benefit.
Magellan (MMP) projects free cash flow of $1.1 billion and net income per unit of $4.95 for 2023. It also expects refined product rates to increase 11% on Jul 1, 2023.
Shares of Magellan Midstream Partners NYSE: MMP rose by as much as 16% during the opening of Monday's trading session, while the stock's price action retreated to close the day up by 12.99%; the move
Shares of Magellan Midstream Partners LP (NYSE: MMP) opened 15% up on Monday after Oneok Inc (NYSE: OKE) said it will buy the petroleum products distributor for $18.8 billion.
Oneok and Magellan Midstream Partners will combine to form an energy infrastructure giant. Magellan's shareholders will get a big premium, so they may want to remain invested in Oneok after the merger
ONEOK is acquiring Magellan Midstream Partners in a cash-and-stock transaction valued at approximately $18.8 billion, creating a US oil and gas pipeline giant.  ONEOK, a publicly traded energy c
Magellan Midstream Partners (NYSE: MMP ) stock jumped over 15% over the weekend after ONEOK (NYSE: OKE ) said it will buy the pipeline company for $18.8 billion. ONEOK is offering $25 per share in cas
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