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TLM

7.99
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
NYSE:TLM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.99 0 01:00:00

Repsol Advances in Takeover Talks With Talisman

12/12/2014 11:23pm

Dow Jones News


Talisman (NYSE:TLM)
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By Christopher Bjork 

MADRID--Spanish oil company Repsol SA is advancing in talks to buy Talisman Energy Inc. of Canada, in a deal valuing the firm at as much as 8 billion Canadian dollars ($6.93 billion), a person familiar with the matter said Friday.

Executives from Repsol have traveled to Calgary to discuss a takeover bid in the range of C$6 to C$8 per share, the person said.

News of the potential bid were reported earlier by the Financial Times.

Talisman's shares rose sharply Friday, up recently more than 30%, from their closing price Thursday.

On Monday, Talisman said that it has been approached by "a number of parties," including Repsol, regarding various unspecified transactions. There is no assurance that any deal will be struck, the company said in the Monday statement, adding that it doesn't intend to comment further.

Write to Christopher Bjork at christopher.bjork@wsj.com

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