Shell Agrees to Acquire Canada’s ARC Resources for $13.6 Billion
Shell Plc has agreed to acquire Canadian energy producer ARC Resources Ltd. for $13.6 billion, its largest acquisition in over a decade. The deal aims to strengthen Shell’s fossil fuel reserves and operations in Canada. ARC’s shares surged, while Shell’s shares dipped following the announcement.
Topics: ARC Resources Energy Sector Fossil Fuels Mergers and Acquisitions Shell