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PRNewsWire
8 days ago
WESTERN MIDSTREAM AND ARIS WATER SOLUTIONS ANNOUNCE PRELIMINARY RESULTS FOR ELECTION OF FORM OF MERGER CONSIDERATION
HOUSTON , Oct. 8, 2025 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) ("WES") and Aris Water Solutions, Inc. (NYSE: ARIS) ("Aris") jointly announced today the preliminary results of the elections made by Aris securityholders regarding the form of merger consideration (the "Merger Consideration") to be received in connection with WES's pending acquisition of Aris (the "Transaction"). As further described in (i) the Agreement and Plan of Merger, dated as of August 6, 2025, by and among WES, Aris and the other parties thereto (the "Merger Agreement"), (ii) the definitive proxy statement of Aris and prospectus of WES (the "Proxy Statement/Prospectus"), included in the registration statement on Form S-4 filed by WES with the Securities and Exchange Commission (the "SEC"), which was declared effective on September 12, 2025, (the "Registration Statement") and (iii) the election form and accompanying election materials, each issued and outstanding share of Class A common stock, par value $0.01 per share, of Aris (the "Aris Class A Common Stock") and each Aris OpCo Stapled Unit (comprising one unit of Aris Water Holdings, LLC and one corresponding share of Class B common stock, par value $0.01 per share, of Aris) will, subject to certain exceptions as set forth in the Merger Agreement, be converted into the right to receive, at the election of the holder: (i) 0.625 common units representing limited partner interests in WES ("WES Common Units" and, such consideration, the "Common Unit Election Consideration"), (ii) a combination of $7.00 in cash (without interest) and 0.450 WES Common Units (the "Mixed Election Consideration"), or (iii) $25.00 in cash (without interest) (the "Cash Election Consideration").
