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This $18.8 Billion High-Yield, Dividend-Stock Megadeal Is a Bit of a Head-Scratcher

This $18.8 Billion High-Yield, Dividend-Stock Megadeal Is a Bit of a Head-Scratcher

Pipeline companies ONEOK (NYSE: OKE) and Magellan Midstream Partners (NYSE: MMP) are merging to create a $60 billion energy infrastructure giant. The transformative transaction will form a much more diversified energy midstream company. The deal also has significant financial and tax benefits, enhancing the combined company's ability to support a high-yielding dividend.