December 16, 2014 / 12:12 PM / 3 years ago

BUZZ-Talisman Energy Inc: Soars on Repsol deal

** Canada’s fifth-largest independent oil producer’s U.S.-listed shares up 45.5 pct at $7.45 premarket

** Spain’s Repsol SA agrees to buy the company for $13 billion

** Repsol will pay $8, or C$9.33, per Talisman share, a 56 pct premium to the stock’s Monday close on both exchanges

** Repsol will also take on $4.7 billion of debt

** Up to Monday’s close of C$5.97, Talisman’s shares had risen about 40 pct on the Toronto Stock Exchange since Dec. 8, when the company said it had been approached by a number of parties including Repsol

** The U.S.-listed stock also up about 40 pct during the same period

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