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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Shell Group-owned Canadian Montney natural gas and condensate producer
arcresources.comLast updated
In short: ARC became Shell’s wholly owned subsidiary after Shell completed its C$22 billion acquisition.
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.
The integrated gas outlook includes Shell’s US$16.4 billion acquisition of Canadian energy company ARC Resources, which was completed on Sept 2, the company said.
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Detailed price information for Arc Resources Ltd. (ARX-T) from The Globe and Mail including charting and trades.
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