GDF Suez, which banking and industrial sources said was seeking acquisitions of up to $20 billion, has no plans for a major takeover and will grow mainly by itself, the French utility's chief executive said on Tuesday.The sources told Reuters that GDF had takeover approaches for Canada-based Talisman Energy rebuffed late last year and that its advisers had reviewed a number of sizeable possible acquisitions including U.S. utility AES Corp."We have no plans for a major acquisition," CEO Gerard Mestrallet told journalists in Paris. "I formally deny that we have made a bid for the 'T' company, as mentioned in the press."Buying Talisman in a $17 billion deal including debt would have propelled GDF into upstream operations and strengthened its presence in fast-growing parts of South America and Asia. Yet the two sides struggled to agree on terms, and GDF's latest attempt with a written offer for part of Talisman in early December was rejected by the latter's board, the sources said.
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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