Close is filed. Cash and London shares are not automatic
ARC Resources (TSX: ARX) said September 2 that Shell plc completed the acquisition of all outstanding ARC shares under the April 27 arrangement, as amended in June and August. The deal is valued at approximately CAD $22 billion including assumed net debt. The effective date is September 2, 2026.
Each ARC share converts to 0.40247 of a Shell ordinary share plus $8.20 cash. Shell's parallel release said the deal adds about 370 kboe/d across B.C. and Alberta and supports roughly 4 percent production CAGR through 2030 versus 2025. That is Shell's group math, not a new ARC operating update.
ARC expects TSX delisting at the close two trading days after the arrangement close. Registered shareholders must return the letter of transmittal with certificates if applicable. Beneficial holders go through their broker. Shell shares list on the London Stock Exchange, not the TSX. Registered holders need a CREST account or certificated dealing help to trade. ARC said Shell share delivery is anticipated several days after the effective date.