ARC Resources to be Removed from S&P/TSX Composite Index

M&A · Partnership
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Summary · why it matters

S&P Dow Jones Indices announced that ARC Resources Ltd. will be removed from the S&P/TSX Composite Index prior to the open of trading on September 2, 2026, following the completion of its merger with Shell PLC. Under the terms of the all-cash-and-stock deal, each ARC Resources share will be exchanged for 0.40247 new Shell PLC shares and $8.20 CAD in cash. The transaction has received all necessary shareholder and regulatory approvals and is expected to close on September 2, 2026, subject to customary conditions, with ARC Resources shares expected to delist shortly thereafter.

Impact on stocks 3

Energy Transition & Power Demand · 1 stocks
Shell plc
SHEL
▲ PositiveCapitalrelevance

Acquiring ARC Resources expands Shell's asset base and production, likely accretive to earnings.

Financials · 1 stocks
Cloud & Digital Infrastructure · 1 stocks

Off-coverage companies 1

ARC Resources Ltd.Private▼ Negative
Capitalrelevance

Removal from the index and delisting following merger reduces visibility and may trigger forced selling by index funds.