Hints and tips:
...The latest deal was the $18.8bn sale of pipeline company Magellan Midstream Partners to rival Oneok this week....
...Oil-focused pipeline group Magellan Midstream Partners has explicitly pointed to gas’s “more powerful growth engine” as it pursues a sale to the gas-heavy Oneok....
...round-up FTC lawsuit targets serial acquisitions by private equity (FT) Venture firm GGV Capital to split off China business after US pressure (FT) Magellan Midstream holders approve $18.8bn sale to ONEOK...
...The three deals announced on Thursday follow other similar moves by Kinder Morgan in 2014 and Oneok in 2017....
...Oneok, a company that owns one of the country’s premier natural gas liquids systems, jumped 4 per cent to $40.79. Merger and acquisition activities were not limited to the energy sector....
...For example, the Oneok Partners MLP, which is tracked by the Alerian MLP ETF, was not affected until 11.45am but then dropped 2 per cent before bouncing back by midday....
...These are aimed at Dynegy, the power company, and Oneok....
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