ARC Resources shareholders have voted in favor of being acquired by Shell, clearing a critical path for the $16.4 billion merger.
The approval marks a decisive step forward for one of the year’s largest energy sector deals, removing a key obstacle that had kept the transaction in limbo.
The acquisition is designed to significantly expand Shell’s upstream presence in North America.
By securing ARC’s extensive natural gas assets, Shell aims to strengthen its long-term supply chains and reinforce its position as a key player in the global energy transition.
The deal reflects a broader strategy among major energy firms to consolidate upstream operations amid shifting market dynamics.
With shareholder approval secured, the focus now shifts to regulatory clearance and final closing conditions.