On April 27, 2026, ARC Resources Ltd. (“ARC” or the “Company”) announced that it has entered into a definitive arrangement agreement (the “Agreement”) with Shell plc (“Shell”) and Shell Canada Limited (“Shell Canada”), a wholly owned subsidiary of Shell, whereby Shell has agreed to acquire all of the issued and outstanding common shares of ARC (“ARC Shares”) in a cash and share transaction valued at approximately $22 billion, including assumed net debt (the “Transaction”).
Through this Agreement, ARC will become part of one of the world’s largest integrated energy companies, with a robust balance sheet and global platform capable of enhancing and accelerating ARC’s long-term value and profitability.
Addition of ARC employees adds deep Montney expertise with a track record of operational excellence to complement Shell’s strong culture and world-class organization.
Significant opportunities to unlock and accelerate LNG-related value through Shell’s integrated natural gas value chain – scale, infrastructure footprint and global reach underpin enhanced long-term profitability.
The Transaction has received unanimous approval by ARC’s Board of Directors which recommends ARC Shareholders vote FOR the Transaction at a special meeting expected to be held in July 2026.
April 27, 2026 | Definitive Arrangement Agreement Announced |
June | Management Information Circular Mailout to Shareholders |
July | Special Meeting of Shareholders |
H2 2026 | Anticipated Closing |
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