Shell To Acquire ARC Resources In $22B Cash-And-Share Deal

Shell agreed to acquire ARC Resources in a cash-and-share transaction that values the Canadian producer at about US$13.6 billion in equity and US$16.4 billion including net debt and leases, giving the British oil major a larger foothold in Canada’s Montney formation as it tries to rebuild long-term oil and gas production. Under the agreement, ARC […] The post Shell To Acquire ARC Resources In $22B Cash-And-Share Deal appeared first on the deep dive.