December 12, 2014 / 4:18 PM / in 3 years

BUZZ-Talisman Energy Inc: Repsol finalizing bid

(Updates)

** Canadian oil producer’s shares up about 35 pct at C$5.72; U.S.-listed shares up 35 pct at $4.98

** Spanish energy company Repsol SA in talks to buy Talisman, a source with knowledge of the matter says

** The Financial Times says offer could be at a premium of up to 118 pct to the stock’s Thursday close of C$4.26

** Deal could value Talisman at up to $8 bln, FT says(on.ft.com/1wncBND)

** Talisman said on Monday it had been approached by a number of parties including Repsol

** Up to Thursday’s close, stock had fallen 68 pct this year on the NYSE and 66 pct in Toronto

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