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Magellan Midstream holders approve $18.8 billion sale to ONEOK

The sale had come under scrutiny with one of the top holders in Magellan, Energy Income Partners LLC, saying in June that it would vote against the deal, due to a burdensome tax structure. Independent proxy advisory firms Glass Lewis & Co and ISS had recommended a vote in favor of the sale. Magellan, in its proxy, cautions that the merger is not conditioned on the compensation vote and that if the acquisition is approved, the executive compensation is payable.
United States Gary Mcwilliams Aaron Milford Mrinalika Roy Jeff Holman Sharon Singleton
Source: yahoo.com

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