ARC Resources Ltd., a Calgary-based natural gas producer, says its shareholders have voted in favour of a previously announced takeover by Shell PLC for about $22 billion. The deal, disclosed in April, would see Shell acquire ARC Resources, a transaction described by local reporting as one of the largest for Canada’s oil and gas sector in many years. Multiple outlets report that the approval comes from a vast majority of ARC’s shareholders, indicating broad backing for the proposal. The company’s announcement confirms that the shareholder vote supports the planned acquisition process.
ARC Resources shareholders approve Shell’s $22B acquisition proposal
ARC Resources Ltd., a Calgary-based natural gas producer, says its shareholders have voted in favour of a previously announced takeover by Shell PLC for about $22 billion. The deal, disclosed in April...
- ARC Resources shareholders vote in favour of a takeover by Shell PLC.
- Shell’s acquisition offer is about $22 billion.
- ARC Resources is a Calgary-based natural gas producer.
- The transaction is announced in April.
- Reporting indicates the approval is supported by a large majority of shareholders.
Calgary-based natural gas producer ARC Resources Ltd. says the vast majority of its shareholders approved a takeover by global supermajor Shell PLC for $22 billion. Announced in April, the blockbuster deal is among the largest in many years for Canada’s oilpatch, which has seen renewed attention from global investors amid an ongoing conflict in the […]
2 hours agoCALGARY — ARC Resources Ltd. says its shareholders have voted in favour of a previously announced plan that would see global energy heavyweight Shell PLC acquire the Calgary-based natural gas producer.
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