Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/repsol-to-acquire-talisman-energy-for-us800-per-co.shtmlRepsol to acquire Talisman Energy for US$8.00 per common share in all-cash transaction
Talisman Energy Inc. has entered into a definitive agreement (the "Arrangement Agreement") with Repsol S.A. under which Repsol will acquire all of the
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Talisman Energy Inc. has entered into a definitive agreement (the "Arrangement Agreement") with Repsol S.A. under which Repsol will acquire all of the outstanding common shares of Talisman for US$8.00 (C$9.33) per share in cash.
The purchase price for the common shares represents a 75% premium to the 7-day volume weighted average share price and a 60% premium to the 30-day volume weighted average price. Total transaction value is approximately US$13 billion, including Talisman's current debt.
In addition, under the transaction, Talisman will be allowed to pay aggregate cash dividends of US$0.18 per common share prior to closing, including the dividend declared and payable on December 31, 2014.
