secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001423902-25-000063
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WES to acquire Aris Water Solutions in $415M cash-plus-stock deal
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- Each Aris share elects 0.625 WES units, $25 cash (capped at $415M total), or 0.450 units + $7 cash.
- Aris stockholders expected to own ~7% of WES post-closing.
- Aris board unanimously approved; requires Aris stockholder vote, HSR, S-4 effectiveness.
- Termination fee of $57M payable by Aris under certain conditions.
- Aris and WES also amended Tax Receivable Agreement with $80M cash payment to terminate it.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390225000063/0001423902-25-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390225000063/wes-20250806.htm
  HTML page:      https://secwatch.observer/filing/0001423902-25-000063

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