ARC Resources Stock Jumps as Shell Seals $16.4 Billion Montney Gas Deal
Shell has struck a deal to acquire ARC Resources Ltd. for roughly US$16.4 billion, debt included, a transaction set to boost the British energy giant’s footprint in Canada’s Montney shale. ARC investors are looking at C$8.20 in cash plus 0.40247 Shell shares per ARC share.
