Shell to acquire Canada’s ARC Resources for USD 16.4 billion

Shell plc has entered into a definitive agreement to acquire ARC Resources Ltd., listed on the Toronto Stock Exchange (TSX) under the ticker ARX, an energy company focused on the Montney shale basin in British Columbia and Alberta, Canada. The transaction has an enterprise value of approximately USD 16.4 billion, comprising an equity value of about USD 13.6 billion plus roughly USD 2.8 billion in net debt and leases that Shell will assume. According to Shell, the…

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