More information is available at IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT: Magellan owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation's refining capacity, and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil.
More information is available at ONEOK is a FORTUNE 500 company and is included in the S&P 500.
(pronounced ONE-OAK) (NYSE: OKE) is a leading midstream service provider and owns one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Rocky Mountain, Permian and Mid-Continent regions with key market centers and owns an extensive network of gathering, processing, fractionation, transportation and storage assets. The transaction is expected to close in the third quarter of 2023 subject to approval by both ONEOK shareholders and Magellan unitholders, and other customary closing conditions. The expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the transaction. (NYSE: MMP) ("Magellan") today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with ONEOK's pending acquisition of Magellan. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P. TULSA, Okla., J/PRNewswire/ - ONEOK, Inc.
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