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OKE STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF ONEOK, INC. IS FAIR TO SHAREHOLDERS
May 14, 2023.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of ONEOK, Inc. (NYSE: OKE) and Magellan Midstream Partners, L.P. is fair to ONEOK shareholders. Upon the terms of the proposed merger, each Magellan unitholder will receive $25.00 in cash and 0.6670 shares of ONEOK stock per unit.
The investigation concerns whether ONEOK and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for ONEOK shareholders; and (2) disclose all material information necessary for ONEOK shareholders to adequately assess and value the merger consideration. On behalf of ONEOK shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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