What was the acquisition price and premium offered by Shell for ARC Resources, and how did ARC's stock react?

Shell Plc agreed to acquire ARC Resources Ltd. for C$22 billion ($16 billion), paying a 27% premium to ARC’s Friday closing price; as a result, ARC’s shares surged as much as 24%, marking their biggest gain since 2020.

How did the Shell-ARC deal impact other Canadian energy peers, and which company was specifically noted as having diminished acquisition prospects?

The deal lifted shares across Western Canadian energy peers: Whitecap rose up to 4.3%, Kelt up to 11%, Ovintiv up to 2.4%, and Tourmaline up to 4.8% — all outpacing the S&P/TSX Composite Energy Sector Index’s 1.5% gain; however, Tourmaline’s acquisition prospects weakened, as Eric Nuttall of Ninepoint Partners stated, 'Tourmaline just lost their most likely acquirer,' noting that Shell was previously thought to be a potential buyer of Tourmaline.

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ARC Resources Leads Canadian Energy Peers Higher on Shell Deal

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Shell agreed to acquire ARC Resources in a $16 billion deal, boosting ARC's shares by 24% and lifting Canadian energy peers. Analysts predict further M&A activity in the sector, particularly affecting Ovintiv and Tourmaline valuations.

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