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Aug 6, 09:52 PM
Western Midstream to Acquire Aris Water Solutions for $1.5 Billion as Kahn Swick & Foti Investigates Multiple Company Sales
Law
Business

Western Midstream to Acquire Aris Water Solutions for $1.5 Billion as Kahn Swick & Foti Investigates Multiple Company Sales

Authors
  • Reuters
  • Bloomberg
  • Reuters Legal
4

Kahn Swick & Foti, LLC, led by the former Attorney General of Louisiana, has initiated investigations into the adequacy of price and process in the proposed sales of several companies, including SpartanNash Company (SPTN), Provident Bancorp, Inc. (PVBC), Performant Healthcare, Inc. (PHLT), Mr. Cooper Group Inc. (COOP), and TXNM Energy, Inc. (TXNM). Separately, The Ademi Firm is investigating whether PharmChem, Inc. is securing a fair price for its public shareholders. In a related development in the energy sector, Western Midstream Partners announced it will acquire Aris Water Solutions in a cash-and-stock transaction valued at approximately $1.5 billion, aiming to diversify its operations in the Permian Basin’s water disposal business. Following this announcement, Halper Sadeh LLC has launched an investigation into whether the sale of Aris Water Solutions, Inc. is fair to shareholders. Additionally, Energy Capital Partners is reportedly in advanced talks to purchase a minority stake in GFL Environmental's infrastructure affiliate, with the deal expected to value the business at around $3.1 billion.

Written with ChatGPT (GPT-4).

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