Spain's Repsol will return cash to shareholders if it fails to identify a company or assets that meets its acquisition goals, Chief Financial Officer Miguel Martinez said on a conference call on Thursday. Repsol has been searching for acquisitions to boost its exploration and production business and on Wednesday said a deal with Talisman Energy Inc had been among the options it was considering.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 13.4% or $1.32/share to $11.17. In the past year, the shares have traded as low as $9.63 and as high as $13.38. On average, 3793820 shares of TLM exchange hands on a given day and today's volume is recorded at 37590944.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 13.25% or $1.4/share to $11.97. In the past year, the shares have traded as low as $10.48 and as high as $13.83. On average, 2398330 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 15349203.
Source
