Energy giant Shell has entered a definitive agreement to acquire Canada's ARC Resources in a deal valued at $16.4 billion. The transaction is designed to significantly bolster Shell's presence in the Montney shale basin.
- Total deal value of $16.4 billion including debt
- Payment structure consists of cash and stock
- Target asset focus: Montney shale basin
- Geographic expansion in British Columbia and Alberta
- Strategic move to increase natural gas exposure
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