BUZZ-Talisman Energy Inc: Talks to sell company to Repsol stall

Wed Aug 27, 2014 8:43am EDT
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** Canadian oil producer's shares down 4 pct at $10.25 premarket

** Talks between the company and Spain's Repsol SA over a potential takeover of Talisman have stalled and Repsol is no longer looking at buying the entire company, sources familiar with the matter say

** Talisman's North Sea assets have put off Repsol, source says

** These projects, in Britain and Norway, have consistently missed production targets and weighed on Talisman's stock

** Talisman said in July it had been approached by Repsol for potential deals

** Up to Tuesday's close, Talisman shares had fallen more than 13 pct this year