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ONEOK Completes 2012 Stock Repurchase Program

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September 17, 2012

ONEOK Inc. (NYSE: OKE) announced that it has completed its $150 million accelerated share repurchase agreement with Goldman, Sachs & Co.  

Under the terms of the accelerated repurchase agreement, Goldman Sachs delivered approximately 2.9 million shares to ONEOK on June 12, and approximately an additional 545,000 shares Sept. 17, to complete the accelerated share repurchase agreement.

The accelerated share repurchase was funded by the company's available cash and short-term borrowings.

Based on this completed stock repurchase program, the company expects the 2012 weighted average diluted shares outstanding to be ...


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