{"id":632257,"date":"2026-04-27T16:48:18","date_gmt":"2026-04-27T16:48:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/632257\/"},"modified":"2026-04-27T16:48:18","modified_gmt":"2026-04-27T16:48:18","slug":"shell-to-buy-arc-resources-in-deal-valued-at-22b-including-debt","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/632257\/","title":{"rendered":"Shell to buy ARC Resources in deal valued at $22B including debt"},"content":{"rendered":"

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Oil giant Shell has signed a deal to acquire Canadian energy company ARC Resources in a stock-and-cash deal valued at $22 billion, including assumed debt.<\/p>\n

ARC is an oil and natural gas producer focused on the Montney region in Alberta and northeast British Columbia. Its head office is in Calgary.<\/p>\n

“Through this transaction, we will realize this tremendous value and become part of a dynamic global energy leader capable of realizing the full potential of our business and delivering on Canada’s exciting energy future,” ARC chief executive Terry Anderson said in a statement.<\/p>\n

Under the proposal, ARC shareholders will receive 0.40247 of a Shell share and $8.20 in cash in exchange for each ARC share.<\/p>\n

The offer is valued at $32.80 per ARC share, based on the closing price for Shell shares and exchange rates on April 24 when ARC shares closed at $25.77.<\/p>\n

Shell chief executive Wael Sawan said ARC complements the company’s existing footprint in Canada and strengthens its resource base for decades to come.<\/p>\n

“ARC has demonstrated a strong track record of operational excellence and responsible development which aligns closely to how we do business,” Sawan said.<\/p>\n

“We look forward to welcoming our new colleagues into the organization and, together, furthering our strategy of delivering more value with less emissions.”<\/p>\n

In addition to shareholder and court approvals, the deal is subject to regulatory approvals, including under the Investment Canada Act.<\/p>\n

The transaction is expected to close in the second half of this year. <\/p>\n","protected":false},"excerpt":{"rendered":"Listen to this article Estimated 2 minutes The audio version of this article is generated by AI-based technology.…\n","protected":false},"author":2,"featured_media":632258,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194293],"tags":[49,2798,48],"class_list":["post-632257","post","type-post","status-publish","format-standard","has-post-thumbnail","category-calgary","tag-ca","tag-calgary","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/632257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=632257"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/632257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/632258"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=632257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=632257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=632257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}