- 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.
ONEOK -2.8% as it completes spinoff of natural gas distribution unit
Feb 3 2014, 14:18 ET