SHEL is trading at $89.75 (+3.3%) in pre-market after announcing a definitive $13.6B deal to acquire ARC Resources, its largest acquisition in over a decade.
- The boards of both companies have approved the transaction, which is set to significantly expand Shell's operational footprint in Canada.
- The announcement comes amid mixed broader market futures, with the S&P 500 down 0.11% and the Dow up 0.17%.