Western Midstream and Aris: Key Timeline for Stakeholders
Critical Election Deadline for Aris Securityholders
Western Midstream Partners, LP (NYSE: WES) and Aris Water Solutions, Inc. (NYSE: ARIS) have jointly announced an important timeline for securityhold holders. As part of WES's pending acquisition of Aris, stakeholders must act swiftly to elect their preferred form of merger consideration. The Election Deadline has been established for 5:00 p.m. New York time on October 7, 2025. This is vital for anyone involved in this transaction, as it determines the form of consideration they will receive.
Understanding the Election Process
Completion of the Election Form
Aris securityholders needing to make an election should ensure they submit a properly completed and signed Election Form to the designated Exchange Agent, Computershare Trust Company, N.A., by the Election Deadline. It's crucial that they follow all instructions detailed in the materials provided to validate their election.
For Securityholders Using Nominees
Those who hold shares through banks, brokers, or other nominees must check with their respective institutions for specific instructions regarding their elections. It's possible that these stakeholders face an earlier deadline, so they need to pay close attention to any election materials they receive to ensure they do not miss out.
Details of the Merger Agreement
The merger agreement outlines specifically how each share class can be converted into merger consideration. Holders of Aris Class A common stock and Aris OpCo Stapled Units will have the option to choose from various forms of consideration including WES Common Units or cash payments, subject to proration to maintain the integrity of the total cash consideration, which is capped at $415 million.
Consequences of Inaction
Securityholders failing to submit their Election Form, along with all required documentation by the Election Deadline will automatically be considered to have opted for the Common Unit Election Consideration. This can significantly impact the returns they initially expected from this transaction.
Additional Communications
Any Aris securityholders with inquiries about the election process or those wishing to request an Election Form should reach out to the information agent, Georgeson LLC, at the toll-free number provided. It’s also recommended that all securityholders carefully review the definitive Proxy Statement/Prospectus and related materials to make informed decisions.
Expiration of Antitrust Waiting Period
Moreover, WES and Aris have confirmed that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on September 26, 2025. This is a critical step toward advancing the Transaction, as it fulfills a necessary condition for completion.
About Western Midstream
Western Midstream Partners, LP operates within the midstream energy sector, focusing on the development, acquisition, and management of assets. Their activities span gathering, processing, and transporting natural gas, as well as managing water disposal. By fostering operations primarily through fee-based contracts, Western Midstream has shielded a large portion of its cash flows from the fluctuations of commodity prices.
About Aris Water Solutions, Inc.
Aris specializes in environmental infrastructure solutions aimed at reducing water usage and carbon footprints. They provide comprehensive water handling and recycling services, particularly illustrated in their operations within the Permian Basin. This commitment to sustainability adds considerable value to energy operations by contributing to reduced environmental impacts.
Frequently Asked Questions
What is the Election Deadline for Aris securityholders?
The Election Deadline is set for 5:00 p.m. New York time on October 7, 2025.
How can Aris securityholders submit their election?
Securityholders must submit a properly completed Election Form to Computershare Trust Company, N.A. by the Election Deadline.
What happens if a securityholder misses the Election Deadline?
If a securityholder fails to submit their Election Form on time, they will automatically be deemed to have elected the Common Unit Election Consideration.
When does the cash consideration cap apply?
The cash consideration is capped at $415 million to ensure total payments do not exceed this limit.
Who should securityholders contact for more information?
Securityholders can contact Georgeson LLC for questions regarding the election process or to request an Election Form.
About The Author
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