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Canada's Arc Resources to merge with Seven Generations in all-stock deal

Feb 10 (Reuters) - Canadia’s ARC Resources Ltd and Seven Generations Energy Ltd said on Wednesday they have entered a C$8.1 billion ($6.38 billion) all-stock merger agreement that would create the country’s third-largest natural gas producer.

The deal is expected to be immediately accretive on a free funds flow and net asset value per share basis to all shareholders, the companies said in a statement.

$1 = 1.2704 Canadian dollars Reporting by Derek Francis in Bengaluru; Editing by Krishna Chandra Eluri

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