On August 29, 2023, Magellan Midstream Partners, L.P. announced the filing of an investor presentation with the U.S. Securities and Exchange Commission in connection with its pending merger with ONEOK, Inc. The Company stated that the investor presentation is also available at MaximizingValueforMMPunitholders.com. The Company stated that the transaction delivers full value to unitholders and provides unitholders with ownership in a stronger combined Company. The Company added that combined Company better positioned to address secular risks and achieve strong growth and value creation over the long term.

The Company also stated that board carefully considered alternative opportunities, structures and tax implications. The Company urges unitholders to vote for the pending merger.