MAGELLAN MIDSTREAM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Magellan Midstream Partners, L.P. - MMP

May 18, 2023

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Magellan Midstream Partners, L.P. (NYSE: MMP) to ONEOK, Inc. (NYSE: OKE). Under the terms of the proposed transaction, shareholders of Magellan will receive $25.00 in cash and 0.6670 shares of ONEOK for each share of Magellan that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

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