ARC Resources shareholders have overwhelmingly approved the company's acquisition by Shell, with approximately 99.54% of votes cast at a special meeting supporting the arrangement. The deal, which will see Shell acquire the Canadian Montney-focused producer, has already secured regulatory approvals under Canada's Competition Act, the Canada Transportation Act, and the U.S. Hart-Scott-Rodino Antitrust Improvements Act, along with exemptive relief from the Alberta Securities Commission. A hearing before the Court of King's Bench of Alberta is scheduled for July 15 to seek approval of the arrangement. Subject to court approval and remaining conditions, ARC expects the acquisition to close in the second half of 2026, after which its shares will be delisted from the Toronto Stock Exchange.
Shell plcShell's acquisition of ARC Resources is approved by shareholders, expanding its Montney assets.
ARC Resources shareholders approved the acquisition by Shell, leading to a premium for shareholders.