BUZZ-EnLink Midstream up on sale of remaining shares to ONEOK in $4.3 bln deal** Shares of U.S.-based energy firm EnLink Midstream ENLC.N rise 3.2% to $16.25 in premarket trading
** Pipeline operator ONEOK OKE.N late on Sunday agreed to buy the remaining shares of ENLC for $4.3 bln in an all-stock deal
** OKE had acquired a 43% controlling interest in ENLC earlier this year
** EnLink shareholders to receive 0.1412 shares of OKE shares per unit
** Deal expected to close on or before May 23, 2025
** As of last close, stock up 29.52% YTD
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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