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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
December 12, 1997
Date of Report (Date of earliest event reported)
ONEOK, Inc.
(Exact name of registrant as specified in its charter)
Oklahoma 1-2572 73-1520922
(State or other jurisdiction (Commission (IRS Employer
of 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.
Item 5. Other Events.
ONEOK Inc. (the Company) announced that on December 1, 1997,
Moody's Investors Service upgraded ONEOK's senior unsecured debt to A2 from A3
following the closing of the acquisition of gas distribution and marketing
assets from Western Resources. The upgrade reflects the benefits expected from
this major acquisition, including a strengthened market and financial position.
The acquisition will expand the Company's geographically from Oklahoma into
Kansas, double its operating income, and raise its profile from the 22nd
largest to the eighth largest gas distribution company in the U.S. in terms of
customers. Western's largely retail gas marketing business well complements
ONEOK's growing wholesale gas marketing business.
Items 6. Not Applicable
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
None.
Item 8 - 9. 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 12th of December, 1997.
ONEOK Inc.
By: Jerry D. Neal
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Vice President, Chief Financial
Officer, and Treasurer
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