ARC Shareholders Overwhelmingly Approve Shell Acquisition
ARC Resources Ltd. announced that its shareholders have overwhelmingly approved the company's acquisition by Shell, with approximately 99.54% of votes cast in favor at a special meeting on July 14, 2026. The transaction has already secured key regulatory approvals, including clearance under Canada's Competition Act, the Canada Transportation Act, and the U.S. Hart-Scott-Rodino Antitrust Improvements Act. The Alberta Securities Commission also granted Shell exemptive relief related to its share buyback programs. The next major step is a hearing before the Court of King's Bench of Alberta on July 15 to seek approval of the arrangement. Subject to court approval and remaining regulatory clearances, the acquisition is expected to close in the second half of 2026, after which ARC's shares will be delisted from the Toronto Stock Exchange. The deal significantly expands Shell's Canadian upstream portfolio in the Montney formation.
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