ARC Resources Receives Investment Canada Act Approval for Shell Deal

M&A · Partnership

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Summary · why it matters

ARC Resources Ltd. announced that the Government of Canada has approved its previously announced plan of arrangement with Shell plc and Shell Canada Limited under the Investment Canada Act. The arrangement, which was approved by ARC shareholders on July 14, 2026, and received a final court order on July 15, 2026, has now cleared all key regulatory hurdles, including approvals under the Competition Act, the Canada Transportation Act, and the U.S. Hart-Scott-Rodino Antitrust Improvements Act. The Alberta Securities Commission has also granted exemptive relief to Shell for its share buyback programs. The transaction is expected to close on or about September 2, 2026, subject to customary closing conditions.

Impact on stocks 2

Energy Transition & Power Demand▲ · 1 stocks

▲ PositiveRegulationrelevance

Approval under Investment Canada Act clears regulatory hurdle for Shell's acquisition of ARC Resources.

Financials▲ · 1 stocks

Accelerant Holdings

Mentioned

Off-coverage companies 2

ARC Resources Ltd.Private▲ Positive

Regulationrelevance

ARC receives all key regulatory approvals for its arrangement with Shell, moving closer to closing.

Shell Canada LimitedPrivate▲ Positive

Regulationrelevance

Shell Canada Limited is part of the approved transaction, benefiting from regulatory clearance.