Repsol Offers $8.3 for Talisman, According to Sources -Globe & Mail

Spain's Repsol SA

is offering US$8.3 billion, or US$8.00 per share to takeover Talisman Energy, according to sources reported by

late Monday. Talisman's Board of Directors is reportedly reviewing an offer submitted by Repsol, according to an earlier report from

. Talisman earlier today confirmed it was in talks with Repsol and had been approached by other companies. One of those companies was reported by

to be Canada Pension. Talisman shares closed Monday at $5.12 and traded as high as $6.65 after-hours.