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

|By:, SA News Editor

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.