Kirkland Advises ONEOK on Agreement to Acquire Magellan Midstream Partners for $18.8 Billion
Kirkland & Ellis counseled ONEOK, Inc. (NYSE: OKE) on its definitive agreement to acquire all outstanding units of Magellan Midstream Partners, L.P. (NYSE: MMP) in a cash-and-stock transaction valued at approximately $18.8 billion including assumed debt, resulting in a combined company with a total enterprise value of $60 billion.
The Kirkland team was led by corporate partners Sean Wheeler, Debbie Yee, Camille Walker and John Furlow and associates Nicholas Lewis, Logan Krulish, Andrei Bucur and Brandon Ricaurte; tax partner David Wheat; executive compensation partner Rob Fowler; capital markets partner Julian Seiguer; and debt finance partner Rachael Lichman.
