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Shell Plc agreed to buy Canadian producer ARC Resources Ltd. for $13.6 billion.
Shell is acquiring ARC Resources for $13.6 billion, its largest deal since 2015.
KEY POINTS
- The deal will be paid with approximately 25% cash and 75% shares at a 20% premium.
- The acquisition strengthens Shell's resource base and supports LNG Canada plant output.
- ARC also gives Shell exposure to the Cedar LNG export project via an existing supply deal.
- Shell's purchase marks its biggest Canadian oil and gas deal since 2012.
COMPANIES
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