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ARC Resources|Shell|Canada|United States|Natural Gas|Alberta
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arc-resources|shell|canada|united-states|natural-gas|alberta

ARC shareholders approve $16.4bn Shell takeover deal

ARC Resources' Attachie production site

ARC Resources' Attachie production site

15th July 2026

By: Reuters

  

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Canadian energy company ARC Resources said on Tuesday its shareholders have voted in favor of being acquired by Shell, clearing another step for one of this year's biggest energy sector deals.

Shell agreed earlier this year to acquire the Canadian natural gas producer in a $16.4-billion deal, as it seeks to expand its natural gas portfolio in North America.

ARC said 99.54% of votes cast at a special shareholder meeting supported the deal. It added that several regulatory approvals had already been obtained, including competition clearances in Canada and the US.

The companies now await a hearing for approval at the Court of King's Bench of Alberta, scheduled for Wednesday.

Edited by Reuters

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