M&A
confidence high
sentiment neutral
materiality 1.00
Aris Water Solutions, Inc.: M&A transaction — Aris Water Solutions acquired by Western Midstream Partners; shares delisted from NYSE
Aris Water Solutions, Inc.
- Merger completed Oct 15, 2025; each ARIS share converted to 0.625 WES units, or 0.45 units + $7 cash, or $25 cash (capped at $415M).
- Tax Receivable Agreement terminated with $80M cash payment to TRA holders; credit agreement terminated and all obligations paid off.
- All directors and officers resigned effective merger close; new directors appointed by WES subsidiary; company wholly owned by WES.
- Stockholders approved merger at Oct 14 special meeting: 44.8M For, 88k Against, 30k Abstain; ~75.9% quorum.
- ARIS Class A common stock ceased trading on NYSE before Oct 15; company to file Form 15 to suspend reporting obligations.