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Monday, December 15, 2014

Repsol close to buying Talisman Energy - source, (NYSE: TLM), (TSE: TLM.TO)

Spanish oil major Repsol is close to buying Canada's fifth-largest independent petroleum producer, Talisman Energy, a source with knowledge of the matter said on Monday.The source, speaking on condition of anonymity, said the board of Repsol had approved making an offer for the Canadian company, and Talisman's board was now meeting to review it.Spanish daily El Pais said the bid could be worth around 10 billion euros ($12.44 billion), including debt worth $4.3 billion. That would represent a more than 50 percent premium on Talisman's market value of $5.33 billion.Talisman confirmed late on Monday that it was engaged in discussions with Repsol regarding a potential corporate transaction. (mwne.ws/1AfxYRJ)

Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 19.35% or $0.83/share to $5.12. In the past year, the shares have traded as low as $3.46 and as high as $11.86. On average, 10238600 shares of TLM exchange hands on a given day and today's volume is recorded at 38834128.

Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 18.45% or $0.93/share to $5.97. In the past year, the shares have traded as low as $3.96 and as high as $13.13. On average, 4102690 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 15099059.



Source