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ONEOK -2.8% as it completes spinoff of natural gas distribution unit

  • ONEOK (OKE -2.8%) completes the spinoff of its natural gas distribution business into a separate, publicly traded company to begin trading on the NYSE with the symbol OGS.
  • The new company, One Gas, includes Kansas Gas Service, Oklahoma Natural Gas and Texas Gas Service.
  • Current OKE shareholders will receive one share of the new company for every four shares of OKE they possess.
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