Spanish oil major Repsol said it would discuss on Monday a takeover offer for 100 percent of Talisman Energy, which is also being circled by other potential bidders.Repsol, keen to take advantage of lower valuations for firms exposed to U.S. shale in the face of falling oil prices, said in November it had $10 billion or more available to purchase oil and gas targets in OECD countries that offer a 7 or 8 percent investment return.The potential bid for Calgary-based Talisman, Canada's fifth-largest independent petroleum producer, could be in a range between $6 and $8 per Talisman share, the Financial Times said last week.This would value the stock at a premium of up to 55 percent to its closing price on Friday and put a price of as much as $8 billion on the company as a whole.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 20.75% or $0.89/share to $5.18. In the past year, the shares have traded as low as $3.46 and as high as $11.86. On average, 9714960 shares of TLM exchange hands on a given day and today's volume is recorded at 16270956.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 19.25% or $0.97/share to $6.01. In the past year, the shares have traded as low as $3.96 and as high as $13.13. On average, 3888420 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 6050793.
Source
