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Monday, December 8, 2014

Repsol and Talisman revive talks -Bloomberg, (NYSE: TLM), (TSE: TLM.TO)

Repsol SA and Talisman Energy Inc have revived talks and are in the process of discussing options that could include sale of a selection of assets or the entire company, Bloomberg reported, citing sources familiar with the matter. However, Talisman's falling valuation remains a hurdle to a deal, Bloomberg reported. (bloom.bg/1A8Yfkn)In July, Repsol had approached Talisman, Canada's fifth-largest independent petroleum producer which has a market capitalization of nearly C$11 billion ($10.2 billion).The talks between both the companies had broken down in August over Talisman's North Sea assets which have consistently missed production targets and weighed down its stock.Representatives at Repsol and Talisman were not immediately available for comment.

Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 5.08% or $-0.2/share to $3.74. In the past year, the shares have traded as low as $3.86 and as high as $11.90. On average, 8225870 shares of TLM exchange hands on a given day and today's volume is recorded at 17469312.

Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 4.23% or $-0.19/share to $4.30. In the past year, the shares have traded as low as $4.41 and as high as $13.13. On average, 3307220 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 6314002.



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