ONEOK Announces 2017 Financial Guidance

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Go back to ONEOK Announces 2017 Financial Guidance

BMO Capital Downgrades ONEOK Partners (OKS) to Market Perform

February 2, 2017 7:59 AM EST

BMO Capital downgraded ONEOK Partners (NYSE: OKS) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on ONEOK Partners click here. For more ratings news on ONEOK Partners click here.

Shares of ONEOK Partners closed at $51.70 yesterday.

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ONEOK (OKE) Upates FY17 Financial Guidance, Sees Annual Dividend Growth of 9% to 11% Through 2021

February 1, 2017 7:01 AM EST

ONEOK, Inc. (NYSE: OKE) today announced 2017 financial and volume guidance.

In a separate news release today, ONEOK and ONEOK Partners also announced a definitive agreement under which ONEOK will acquire all of the outstanding common units of ONEOK Partners it does not already own for $9.3 billion in ONEOK common stock. Under the agreement, each outstanding common unit of ONEOK Partners that ONEOK does not already own will be converted into .985 shares of ONEOK common stock, representing a 22.4 percent premium to the ONEOK Partners closing price on Jan. 27, 2017.

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