Shell Agrees to Acquire ARC Resources for $16.4 Billion
British oil major Shell has agreed to acquire Canadian energy company ARC Resources for $16.4 billion. The deal is expected to strengthen Shell's resource base in Canada and provide long-term value for shareholders. The acquisition targets ARC's high-quality, low-cost assets in the Montney shale basin.
Tickers: $SHEL
Topics: acquisition ARC Resources energy oil and gas Shell