Report
Travis Miller
EUR 101.80 For Business Accounts Only

Adjusting Oneok's FVEs to Reflect Pending Merger

With Oneok Inc., and Oneok Partners headed toward the culmination of their proposed merger, we adjusted our fair value estimates to reflect year-to-date performance, an updated post-consolidation outlook, and the merger exchange ratio.
Our fair value estimate for Oneok Inc., is now $52 per share, assuming the merger closes as expected on July 1. Our fair value estimate for Oneok Partners is now $51 per share, reflecting Oneok Inc.'s proposed 0.985 share exchange ratio. The primary valuation chan...
Underlying
Oneok Partners LP

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Travis Miller

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