Sean Wheeler, Debbie Yee, Camille Meissner, Rob Fowler, David Wheat, Bill Dong, Julian Seiguer, Rachael Lichman
January 22, 2026
Kirkland Represents ONEOK on Acquisition of Publicly Held Common Units in EnLink Midstream
1 min
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- Kirkland & Ellis advised ONEOK, Inc
- on its definitive agreement to acquire all outstanding publicly held common units of EnLink Midstream, LLC for $4.3 billion in ONEOK common stock
- Each EnLink common unit not already owned by ONEOK will be converted into 0.1412 shares of ONEOK common stock, based on an exchange ratio derived from EnLink’s November 22, 2024, closing price and ONEOK’s 10-day volume-weighted average price.
Kirkland & Ellis advised ONEOK, Inc. (NYSE: OKE) on its definitive agreement with EnLink Midstream, LLC (NYSE: ENLC) to acquire all of the outstanding publicly held common units of EnLink for $4.3 billion in ONEOK common stock. Under the agreement, each outstanding common unit of EnLink that ONEOK does not already own will be converted into 0.1412 shares of ONEOK common stock. The exchange ratio was derived by dividing $15.75 per unit, equal to EnLink's market close price on Nov. 22, 2024, by ONEOK's 10-day volume-weighted average price (VWAP). Read ONEOK’s press release The Kirkland team included corporate lawyers Sean Wheeler, Debbie Yee and Camille Meissner; executive compensation lawyer Rob Fowler; tax lawyers David Wheat and Bill Dong; capital markets lawyer Julian Seiguer; and debt finance lawyer Rachael Lichman.
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Sean Wheeler, Debbie Yee, Camille Meissner, Rob Fowler, David Wheat, Bill Dong, Julian Seiguer, Rachael Lichman
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