Oneok Says Co To Acquire Brazos Midstream's Permian Midland Basin Assets For $4.425 Billion - OKE News | RalliesOneok Says Co To Acquire Brazos Midstream's Permian Midland Basin Assets For $4.425 Billion
O
OKE• Oneok to acquire Brazos Midstream assets
- ONEOK to acquire Brazos Midstream's Permian Midland Basin assets for $4.425 billion.
- ONEOK said the acquisition is expected to be immediately accretive to earnings and free cash flow per share.
- The acquisition will be funded by a $9 billion nonvoting minority equity investment from Apollo.
- ONEOK intends to use $5 billion of proceeds from the equity investment to reduce its existing indebtedness.
•
