Oneok's acquisition of EnLink Midstream recommended by ISS; Glass Lewis
Written by Emily J. Thompson, Senior Investment Analyst
Acquisition Recommendation: Oneok and EnLink Midstream received endorsements from proxy advisory firms ISS and Glass Lewis for Oneok's acquisition of EnLink's publicly held common units, with a Special Meeting scheduled for January 30.
Voting and Approval Process: The EnLink Board unanimously recommends voting in favor of the acquisition, which requires majority approval from outstanding EnLink common units but does not require a vote from Oneok shareholders.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
