Shell acquires Canadian ARC Resources for $16.4 billion

Oil giant Shell announced on Monday that it has reached a final agreement to acquire Canadian energy company ARC Resources Ltd. for approximately $16.4 billion in enterprise value.
Under the terms of the agreement, ARC Resources shareholders will receive CAD 8.20 in cash plus 0.40247 Shell common shares per share, for a total consideration of about CAD 32.80 per share.
This price represents a 27% premium over ARC’s closing price on April 24. (Sina Finance)

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