arc resources

CALGARY — Shell plc has signed a deal to acquire ARC Resources Ltd. in a stock-and-cash deal valued at $22 billion, including assumed debt. ARC is an oil and natural gas producer focused on the Montney region in Alberta and northeast British Columbia. “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,” ARC chief executive Terry Anderson said in a statement. Under the proposal, ARC shareholders will receive 0.40247 of a Shell