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HOUSTON - Western Midstream Partners, LP (NYSE:WES) and Aris Water Solutions, Inc. (NYSE:ARIS) announced Wednesday the preliminary results of merger consideration elections by Aris securityholders ahead of their pending acquisition. Aris, currently trading at $24.34 and valued at $1.44 billion in market capitalization, is considered slightly undervalued according to InvestingPro analysis.
Based on elections made by the October 7 deadline, Aris securityholders predominantly chose the cash option, with holders of approximately 34.1 million shares and units electing to receive $25.00 per share in cash. About 13.9 million shares and units elected the all-stock option of 0.625 WES common units, while roughly 11.2 million chose the mixed consideration of $7.00 in cash plus 0.450 WES units. The strong preference for cash comes as Aris maintains a healthy liquidity position, with a current ratio of 1.73 indicating robust short-term financial stability.
Due to the $415 million cap on total cash consideration stipulated in the merger agreement, shareholders who elected the all-cash option will receive a prorated combination of cash and WES units. The companies estimate that approximately 26.6 million WES common units will be issued and the full $415 million in cash will be distributed to Aris securityholders.
The results remain preliminary and subject to completion of guaranteed delivery procedures. Final certified results are expected shortly before the transaction closes.
Aris securityholders are scheduled to vote on the proposed merger at a special meeting on October 14. The merger agreement was originally announced on August 6, with the SEC declaring the registration statement effective on September 12.
Western Midstream operates midstream assets across Texas, New Mexico, Colorado, Utah, and Wyoming, providing natural gas gathering, processing and transportation services. Aris delivers water handling and recycling solutions to energy companies in the Permian Basin. Aris has demonstrated strong performance with 16.42% revenue growth over the last twelve months and maintains a healthy gross profit margin of 56.75%. InvestingPro analysis reveals additional insights about Aris’s financial health, with multiple ProTips available for subscribers looking to make informed investment decisions.
The information is based on a press release statement from the companies.
In other recent news, Aris Mining Corporation reported a 25% increase in gold production for the third quarter of 2025, producing 73,236 ounces. This brings the total production for the first nine months of 2025 to 186,651 ounces, positioning the company to meet its full-year guidance of 230,000 to 275,000 ounces. Additionally, Aris Mining completed the sale of its Juby Gold Project in Ontario to McFarlane Lake Mining Limited for $22 million, comprising $13.2 million in cash and a significant shareholding in McFarlane. The company also announced a successful rescue operation after a shaft collapse at La Reliquia Mine in Colombia, where all 23 trapped workers, including five Aris employees, were safely rescued. In terms of operational improvements, Aris Mining’s Segovia Operations in Colombia saw increased production due to the commissioning of a second mill, which expanded processing capacity by 50%. The mill’s completion in June 2025 allowed for average milling rates to rise significantly in the following months. These developments reflect significant progress in Aris Mining’s operations and strategic transactions.
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