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Tuesday, January 21, 2014

GDF-Suez boss says no plans for major acquisitions, (NYSE: TLM), (TSE: TLM.TO)

GDF Suez Chief Executive Gerard Mestrallet said on Tuesday the utility had no plans for a major acquisition and would grow mainly organically after a Reuters report that it had approached a Canadian company about a takeover. Sources told Reuters on Monday that GDF Suez was rebuffed late last year after it approached Canada-based Talisman Energy Inc about a takeover as part of an effort to expand outside Europe via acquisitions worth as much as $10 to $20 billion.

Talisman Energy Inc. (Talisman) is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 1.51% or $0.17/share to $11.45. In the past year, the shares have traded as low as $10.34 and as high as $13.38. On average, 4215320 shares of TLM exchange hands on a given day and today's volume is recorded at 3739808.

Talisman Energy Inc. (Talisman) is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 2.15% or $0.27/share to $12.83. In the past year, the shares have traded as low as $10.68 and as high as $13.83. On average, 2029690 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 2018983.



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