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ARC Resources Provides Regulatory Approvals Update on Its C$22-Billion Acquisition by Shell

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ARC Resources (ARX.TO), which is advancing the approvals required for its proposed C$22 billion acquisition by Shell, on Tuesday said it obtained approvals under the Competition Act, the Canada Transportation Act in Canada and the under the US Hart-Scott-Rodino Antitrust Improvements Act.

Shell has also been granted exemptive relief from the Alberta Securities Commission for its share buyback programs in the UK and Netherlands markets.

The application for approval of the arrangement by the Court of King's Bench of Alberta will be heard on July 15, a statement said.

The transaction is expected to close in the second half of 2026, after which ARC shares are expected to be delisted from the Toronto Stock Exchange.

ARC Resources shares were last seen up C$0.095, or 0.3%, to C$31.53,on the Toronto Stock Exchange.

Price: $31.54, Change: $+0.09, Percent Change: +0.30%

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