Talisman Energy Up 35% On Reported $5.19 Share Bid
Repsol could offer to acquire Talisman for the equivalent of about $5.19 a share, according to a report Friday by the Spanish business newspaper Expansion.
Talisman changed hands recently at $4.96, up 34.4 percent.
Talisman acknowledged December 8 that it had been approached by "a number of parties, including Repsol," regarding "various transactions," although it hadn't struck a deal.
The company made a similar announcement in July that concerned talks with Repsol.
But Talisman shares fell sharply after Repsol reportedly backed down from a full acquisition in August.
Talisman has apparently stymied activist investor Carl Icahn, who controls two seats on its board and first took a significant stake in October 2013.
The company has since then unsuccessfully sought to sell assets in the United States, Canada and Norway.
Bloomberg reported on November 17 that Talisman was in talks to sell its pipeline serving the Marcellus Shale region in New York and Pennsylvania for $1 billion to Regency Energy Partners LP.
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