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Top related persons:
it's - 2 Charles Mostoller - 1 unitholders - 1 Glass - 1 Aaron Milford - 1 Jeff Holman - 1 Michael Mears - 1 Magellan's - 1
Top related locs:
Elliston , Virginia U.S Magellan Bengaluru Arathy Houston John's Newfoundland
Top related orgs:
REUTERS - 1 Midstream Partners - 1 ONEOK Inc - 1 Energy - 1 Partners - 1 Glass Lewis - 1 Co - 1 ISS - 1

Search resuls for: "Magellan's"


4 mentions found


☆ Magellan Midstream holders approve $18.8 billion sale to ONEOK
  + stars: | 2023-09-21 | by ( Mrinalika Roy Arathy Somasekhar | Mrinalika Roy | Arathy Somasekhar | ) www.reuters.com   time to read: +2 min
REUTERS/Charles Mostoller/File Photo Acquire Licensing RightsSept 21 (Reuters) - Magellan Midstream Partners' (MMP.N) unitholders on Thursday voted in favour of its sale to larger rival ONEOK Inc (OKE.N) for $18.8 billion, creating one of the largest U.S. energy pipeline companies. Independent proxy advisory firms Glass Lewis & Co and ISS had recommended a vote in favor of the sale. Magellan, in its proxy, cautions that the merger is not conditioned on the compensation vote and that if the acquisition is approved, the executive compensation is payable. Michael Mears, Magellan's previous chief executive officer, also would receive about $26.5 million in equity, while the company's current chief commercial officer and general council will receive multi-million dollar packages. Magellan, however, said it expects ONEOK to consider the outcome of the compensation vote, along with other factors, when considering future executive pay.
Persons: Charles Mostoller, unitholders, Glass, Aaron Milford, Jeff Holman, Michael Mears, Magellan's, ONEOK, Mrinalika Roy, Gary McWilliams, Sharon Singleton Organizations: REUTERS, Midstream Partners, ONEOK Inc, Energy, Partners, Glass Lewis, Co, ISS, Thomson Locations: Elliston , Virginia, U.S, Magellan, Bengaluru, Arathy, Houston
☆ Cramer's Lightning Round: Enbridge is a buy
  + stars: | 2023-09-12 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Magellan's year-to-date stock performance. Stock Chart Icon Stock chart icon Edwards Lifesciences' year-to-date stock performance. Stock Chart Icon Stock chart icon International Flavors & Fragrances' year-to-date stock performance. I have no idea what's happening, why it's just completely falling apart..."Stock Chart Icon Stock chart icon CVS's year-to-date stock performance. Stock Chart Icon Stock chart icon Honeywell's year-to-date stock performance.
Persons: It's, Edwards Lifesciences, Edwards, it's, Karen Lynch, IT's, that's what's, Morgan Stanley, I'm Organizations: Honeywell, Laguna, Charitable
☆ Magellan, the company that mapped the Titanic wreck, is trying to scramble its deep-sea scanning equipment to help locate the lost sub
  + stars: | 2023-06-20 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
Magellan, which helped develop visuals of the Titanic, said it's trying to help find the lost sub. "We are ready to support, and we are fully mobilised to help," Magellan said on its site. OceanGate runs the Titan submersible to take trips to the Titanic's wreck in the Atlantic Ocean. The equipment it is trying to bring in are those that helped produce the Titanic wreck images, the Magellan's David Thompson said to CNN. "We are ready to support, and we are fully mobilised to help," Magellan said on its site.
Persons: it's, Magellan, OceanGate, James Cameron's, David Thompson Organizations: US Coast Guard, Atlantic Productions, The Coast Guard, CNN, Magellan Locations: John's, Newfoundland, Canada, Cape Cod , Massachusetts
☆ US pipeline operator ONEOK moves into oil, products with $18.8 bln Magellan deal
  + stars: | 2023-05-15 | by ( Jyoti Narayan David French | Jyoti Narayan | David French | ) www.reuters.com   time to read: +2 min
May 14 (Reuters) - ONEOK Inc (OKE.N) agreed on Sunday to buy U.S. pipeline operator Magellan Midstream Partners (MMP.N) in a cash-and-stock deal valued at about $18.8 billion including debt, bringing natural gas-focused ONEOK into transporting refined products and oil. The deal will give ONEOK, until now a transporter of natural gas liquids and natural gas, access to Magellan's refined products and crude oil transportation business. The combined company will have 44% of its business in NGLs, and 21% in refined products, according to a presentation. The deal comes as U.S. natural gas prices have struggled this year because of oversupply concerns. Crude prices have traded off in 2023 on potential recession fears, although not as badly has natural gas.
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