ARC Resources completes acquisition by Shell for 22 billion dollars
Shell acquires all outstanding shares in a cash and share transaction valued at CAD $22 billion. ARC becomes a wholly-owned subsidiary of Shell Canada Limited.
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Montney-focused natural gas and condensate producer
arcresources.comLast updated
In short: ARC advanced its C$22 billion acquisition by Shell PLC, securing near-unanimous shareholder support and key Canadian regulatory approvals.
Shell acquires all outstanding shares in a cash and share transaction valued at CAD $22 billion. ARC becomes a wholly-owned subsidiary of Shell Canada Limited.
This regulatory approval completes key conditions alongside Competition Act and Hart-Scott-Rodino clearances, enabling the merger with Shell to close around September 2.
Production rose 9% to 390,465 boe/d, funds from operations were $816M, and the Shell acquisition is advancing.
The special resolution passed with 99.54% approval. Three key regulatory approvals obtained; court hearing scheduled for July 15, 2026.
Family offices and hedge funds are increasing their investments in fossil fuels driven by high prices and geopolitical tension.
Discover the latest updates on ARC Resources Ltd. stock, including recent acquisition news by Shell, technical analysis, and key performance metrics.
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