ONEOK and Magellan Approve Merger

[Nik]

https://www.prnewswire.com/news-releases/oneok-shareholders-and-magellan-unitholders-approve-merger-301935146.html

ONEOK, Inc. and Magellan Midstream Partners, L.P. today announced that, at their respective Special Meetings, ONEOK shareholders and Magellan unitholders approved the previously announced merger.

"We are very pleased with the strong support from ONEOK shareholders and Magellan unitholders, which reflects their belief in the power of our combination," said Pierce H. Norton II, ONEOK president and chief executive officer. "Having achieved this important milestone, we look forward to closing on September 25 and moving forward as one company with a continued commitment to creating value for our shareholders."

[heironymouspasparagus]

https://www.prnewswire.com/news-releases/oneok-shareholders-and-magellan-unitholders-approve-merger-301935146.html

Nothing like less competition and more layoffs to really "help" the economy.   But then, except for the people who are gonna get dumped, most people will never see a difference directly.