Shell (SHEL LN) to acquire ARC Resources (ARX CT) for CAD 32.80/shr
Importance
Level 1
- Acquisition adds 379k BPD immediately across liquids and gas.
- Transaction expected to generate double digit returns, bolstering long-term cashflows, and is accretive to free cash flow per share from 2027 onwards.
- ARC’s shareholders will receive CAD 8.20/shr in cash and 0.40247/shr ordinary shares of Shell, representing approximately 25% cash and 75% shares as of the 24th April 2026 market closing.