ARC Resources Ltd
TSX: ARX/Shell plcNYSE: SHELShell to acquire ARC Resources for US$13.6B in cash and stock
Key takeaways
- Shell plc acquires ARC Resources Ltd — $13.6B aggregate · $8.20/share cash · 0.402× exchange ratio · 20% premium (mixed).
- Expected close Dec 31, 2026 (~167d). No financing condition.
Deal value
$13.6B
mixed
Per-share offer
$8.20
+ 0.4025× stock
Premium
+20.0%
Days to close
167d
Dec 31, 2026
Term fee
—
Spread Calculator
Manual price entry · saved per ticker
Announced
Apr 28, 2026
Preliminary Proxy
—
Definitive Proxy
—
Record date
—
Shareholder vote
—
Expected close
Dec 31, 2026
in 167d
Regulatory approvals
Closing conditions
- ARC shareholder approval
- Court approval
- Regulatory approvals
- ✓Financing· No financing condition
No competing-bidder, activist, or dissident-proxy signals in the database for this target.
Acquirer side· Shell plc
Financial
Target side· ARC Resources Ltd
Financial
| Firm | Role | Side | Deals in DB | |
|---|---|---|---|---|
| Goldman Sachs International | Financial | Acquirer | 1 | View deals → |
| RBC Capital Markets | Financial | Target | 1 | View deals → |
- Apr 28, 2026this filing
Shell to acquire ARC Resources for US$13.6B in cash and stock
Shell plc has agreed to acquire Canadian energy company ARC Resources Ltd in an all-cash-and-stock transaction valued at approximately US$13.6 billion in equity value (US$16.4 billion enterprise value). ARC shareholders will receive CAD 8.20 in cash and 0.40247 Shell ordinary shares per ARC share, representing a 20% premium to ARC's 30-day VWAP. The transaction is expected to close in the second half of 2026, subject to ARC shareholder, court and regulatory approvals, and is expected to generate double-digit returns while adding 370 kboe/d of production across liquids and gas.