Shell to acquire Canada's ARC in output-boosting $16.4 billion deal - Reuters
Shell to acquire Canada's ARC in output-boosting $16.4 billion deal Reuters
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Notable Quotes
"We are very comfortable with what this (deal) does for our financial framework."
— Wael Sawan , Executive
"ARC is a high-quality, low-cost and top quartile low carbon intensity producer operating in the Montney shale basin that complements our existing footprint in Canada."
— Wael Sawan , Executive
"This combination is a great opportunity for ARC to realise value for our shareholders and continue to benefit from Shell’s success in the future."
— Terry Anderson , Executive
"Through this transaction, we will realize this tremendous value and become part of a dynamic global energy leader capable of realizing the full potential of our business and delivering on Canada’s exciting energy future."
— Terry Anderson , Executive
"The ARC Board unanimously recommends this strategic transaction to our shareholders."
— Hal Kvisle , Executive
Key People
Chair of the ARC Board.
Jeffrey Cheah is a prominent Malaysian businessman and the founder of Sunway Group.
Smriti Irani is a prominent BJP leader campaigning in West Bengal.
Terry Anderson is the president and CEO of ARC Resources Ltd.
CEO of Shell.
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<a href="https://news.google.com/rss/articles/CBMimAFBVV95cUxOT1NlV2FORWtiempDVWFOektBTFdrSVFXbk8waFF5SHBDWG4zUlZ4LWFPZm5peUFJX094VE1ZN3NpYnU4SHBMc0RfVTFJLThmb1ZNdmtHYXV0Q3JTSzFQQ2FQdnR6YVBCdWhPNEhENElSREdsZE80U3ViWEFRR2VCT1dpZk0xalpDMFR3REdWMENmdEZtVl9pYg?oc=5" target="_blank">Shell to acquire Canada's ARC in output-boosting $16.4 billion deal</a> <font color="#6f6f6f">Reuters</font>
Shell has agreed to acquire Canadian energy company ARC Resources in a deal valued at $16.4 billion, aiming to boost its output by 370,000 barrels of oil equivalent per day.
Shell has agreed to acquire ARC Resources Ltd, with ARC shareholders set to receive C$8.20 in cash and 0.40247 Shell shares per ARC share, valuing the deal at approximately $16.4 billion.
Shell has agreed to acquire Canadian energy company ARC Resources in a deal valued at US$16.4 billion, which is expected to boost its output by 370,000 barrels of oil equivalent per day.
Shell has agreed to acquire Canadian energy company ARC Resources in a deal valued at $16.4 billion, including debt, which is expected to boost its output by 370,000 barrels of oil equivalent per day.
Shell has agreed to acquire ARC Resources in a deal valued at approximately CAD 22 billion ($16.4 billion), aiming to strengthen its liquefied natural gas (LNG) portfolio.
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