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Shell plc has signed a $22-billion deal to acquire ARC Resources Ltd. ARC Resources is focused on the Montney, a shale formation that stretches through parts of northeastern British Columbia and northwestern Alberta.
Shell is acquiring ARC Resources Ltd. for $22 billion, including assumed debt, in a landmark deal.
KEY POINTS
- ARC shareholders will receive 0.40247 Shell shares and $8.20 cash per ARC share, valuing ARC at $32.80.
- The deal positions Shell as a major operator in Canada's Montney region and LNG export market.
- Industry analysts expect the acquisition signals further M&A activity and a likely expansion at LNG Canada.
COMPANIES
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