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Company News for May 16, 2023

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  • ONEOK Inc.’s ((OKE - Free Report) ) shares plunged 9.1% after the company decided to acquire Magellan Midstream Partners L.P. () for $18.8 billion in cash and stocks.
  • Newmont Corp.’s ((NEM - Free Report) ) shares surged 2.5% after the company decided to acquire Australian gold and copper producer Newcrest Mining Ltd.
  • Shares of Western Digital Corp. ((WDC - Free Report) ) 2023 soared 11.3% following news that the company has speeded up merger talks with its Japanese joint venture partner Kioxia Holdings Corp.
  • Shares of Shake Shack Inc. ((SHAK - Free Report) ) appreciated 7.8% following a WSJ report that the activist investor Engaged Capital is planning a proxy fight for three board seats at the company.

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