Western midstream to acquire aris water solutions

Houston--(business wire)--western midstream partners, lp (“wes” or the “partnership”) (nyse: wes) and aris water solutions, inc. (“aris”) (nyse: aris) announced today that the parties have entered into a definitive agreement pursuant to which wes will acquire all of the outstanding shares of aris in an equity-and-cash transaction valued at approximately $1.5 billion. under the terms of the agreement, aris shareholders will receive 0.625 common units of wes for each aris share, with the option t.
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