ONEOK to Acquire Magellan Midstream for $18.8 Billion

May 16, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--ONEOK Incorporated's (NYSE:OKE) (Tulsa, Oklahoma) planned $18.8 billion acquisition of Magellan Midstream Partners, L.P. (NYSE:MMP) (Tulsa) will create a company with total enterprise value of $60 billion with nearly 50,000 miles of combined pipeline assets, according to company executives.