Press Release

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.

Read ONEOK’s press release

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.