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Shell to buy Canada's ARC Resources in $16.4B cash and stock deal.
Shell has agreed to acquire ARC Resources in a $16.4 billion cash and stock deal.
KEY POINTS
- The acquisition includes assumption of ARC Resources' debt by Shell.
- This deal increases Shell's exposure to the Montney shale basin in British Columbia and Alberta.
- The transaction specifically targets Canadian shale gas assets to strengthen Shell's North American presence.
COMPANIES
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