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Friday, February 20, 2015
Talisman Energy Inc.’s common shareholders voted to approve an $8.3 billion offer from Repsol SA, paving the way for Repsol to acquire Talisman’s worldwide operations.
Repsol offered for Talisman in mid-December $8 per share, a 56% premium on the day-prior closing price at the time of the offer. Repsol will also assume Talisman’s $4.7 billion long-term debt.
The deal still requires regulatory approval, which is expected by mid-2015.
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