Talisman Energy Soars 21% On Acquisition Speculation

Talisman Energy Inc. (USA) TLM issued a press release Monday confirming “that it is engaged in discussions with [Repsol SA] regarding a potential corporate transaction.”

The company noted that it “has also been approached by a number of other parties regarding various transactions,” and that it can provide “no assurances that these discussions will result in a transaction or on what terms.”

The company said that it “does not intend to make any further comment on this matter” until it is appropriate to make a public announcement.

The talks with Repsol REPYY were reported to be in the range of C$6 to C$8 while Bloomberg suggested that the Canada Pension Plan may also be weighing a bid.

Talisman Energy shares have soared 21 percent amid the news to $5.21.

Posted In: NewsMoversBloombergCanada Pension Plan
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