Magellan Midstream CEO Wants Holders to Vote in Favor of Oneok Deal
09.06.2023 By Tank Terminals - NEWS

September 6, 2023 [Market Screener]- On September 5, 2023, Magellan Midstream Partners’ Chief Executive Aaron Milford announced that he is urging unitholders to vote in favor of the Company’s $18.8 billion cash and stock sale to Oneok Inc. as a crucial vote approach later September month.

 

Milford said in the interview that the most influential proxy advisers, ISS and Glass Lewis, are expected to give their recommendations to MMP shareholders as soon as this week. Milford, who said he began the process over a potential deal in September of last year, seemed to suggest that there wouldn’t be any last-minute changes or an attempt to somehow make it tax-free to try to get the deal over the finish line.

In addition, Milford expressed that this is the one that maximizes the value for the unit holders, so they’re very comfortable with the process and believe that they’ve ended up with the right deal for the Company unit holders right now.

 

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Russia’s Novatek Reaches Vysotsk LNG Production Milestone
09.29.2023 - NEWS
September 29, 2023 [LNG Prime]- Russian LNG exporter Novatek has reached a new production milesto... Read More
US Weekly LNG Exports Down to 21 Shipments
09.29.2023 - NEWS
September 29, 2023 [LNG Prime]- US liquefied natural gas (LNG) exports declined in the week endin... Read More
Seapath and Pilot LNG Joint Venture to Develop First Dedicated LNG Bunkering Facility in U.S. Gulf Coast
09.29.2023 - NEWS
September 29, 2023 [Pilot]- JV will develop, construct, and operate a terminal in the Galveston B... Read More
Oil Prices Rise As Crude Oil Inventories Build, Products Fall
09.29.2023 - NEWS
September 29, 2023 [Oil Price]- The American Petroleum Institute (API) has reported a build of 1.... Read More