Spanish oil firm Repsol on Tuesday said it would launch a takeover offer for 100 percent of Talisman Energy shares worth $8.3 billion. In a statement to Spain's stock market regulator, Repsol said it would also take on $4.7 billion of Talisman debt as part of a deal reached with the Canadian petroleum producer, putting the Calgary-based firm's enterprise value at $13 billion.
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.
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