m_and_a
confidence high
sentiment positive
materiality 0.90
Aris Water Solutions agrees to be acquired by Western Midstream for $25.00 per share in cash or 0.625 WES units
Aris Water Solutions, Inc.
- Stockholders can elect $25.00 cash, 0.625 WES units, or a mix of 0.450 WES units plus $7.00 cash.
- Cash consideration capped at $415 million aggregate; all-cash elections subject to proration.
- Support agreements from holders of ~42% of shares to vote in favor of the merger.
- Termination fee of $57 million if Aris accepts a superior proposal.
- Tax Receivable Agreement amended; $80 million cash payment to TRA holders at closing.
item 1.01item 9.01