Engel Law PLLC is investigating whether fair value to Magellan Midstream Partners, L.P. (NYSE: MMP) shareholders will result from the proposed acquisition of Magellan by ONEOK, Inc. for both of (i) 0.6670 shares of ONEOK (NYSE: OKE) common stock, and (ii) $25.00 in cash for each Magellan share.
The Firm’s investigation concerns:
(i) whether the Company’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction;
(ii) whether the merger consideration adequately compensates the Company’s shareholders; and
(iii) whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.