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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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December 23, 1996
Date of Report (Date of earliest event reported)
ONEOK Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-2572 73-0383100
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
100 West Fifth Street, Tulsa OK
(Address of principal executive offices)
74103
(Zip code)
(918) 588-7000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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Items 1-4. Not Applicable.
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Item 5. Other Events.
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On December 12, 1996, ONEOK Inc. (the "Company") announced that it
had entered into a strategic alliance (the "Alliance") combining the natural
gas assets of the Company and Western Resources, Inc. ("WRI").
On December 12, 1996, the Company issued a press release relating to
the Alliance, a copy of which is attached hereto as Exhibit 99.a and is
incorporated herein by reference. Copies of the principal Agreements with
respect to the Alliance, an Agreement relating to the merger of the
Company and a subsidiary of the Company, dated as of December 12, 1996, and a
form of Shareholder Agreement between the Company and WRI are attached hereto
as Exhibits 99.b and 99.c, respectively.
As part of this transaction, all of the issued and outstanding shares
of Preferred Stock Series A(4-3/4%) of the Company will be redeemed prior to
the closing of such transaction, which is expected mid-1997. The redemption
price is $53.00 per share.
Item 6. Not Applicable.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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Exhibit
No. Description
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99.a Joint Press Release issued by the Company and Western Resources,
Inc. on December 12, 1996.
99.b Agreement between Western Resources, Inc. and ONEOK, Inc., dated as
of December 12, 1996.
99.c Form of Shareholder Agreement between New Oneok and Western
Resources, Inc.
Item 8. Not Applicable.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized, on this __ of December, 1996.
ONEOK, Inc.
By: /s/ J. D. Neal
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J. D. Neal
Vice President, Chief Financial
Officer, and Treasurer
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EXHIBIT INDEX
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Exhibit No. Description
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99.a Joint Press Release issued by the Company and Western Resources,
Inc. on December 12, 1996.
99.b Agreement between Western Resources, Inc. and ONEOK, Inc., dated
as of December 12, 1996.
99.c Form of Shareholder Agreement between New Oneok and Western
Resources, Inc.
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