Shell Acquires ARC Resources in $16.4 Billion Deal
Shell has agreed to acquire Canadian oil and gas producer ARC Resources for $16.4 billion, including assumed debt. The deal includes a 27% premium over ARC's recent stock price and is expected to enhance Shell's integrated gas business and free cash flow starting in 2027. Regulatory approvals and shareholder votes are pending.
Tickers: $SHEL
Topics: ARC Resources Canadian Oil and Gas Energy Sector M&A Shell