MADRID (dpa-AFX) - Talisman Energy Inc. (TLM.TO, TLM) Wednesday said it has been approached by Spain-based oil company Repsol SA 'with regards to various transactions.' Shares of the Alberta, Canada-based Talisman is currently up over 11 percent on the New York Stock Exchange and Toronto Stock Exchange.
'There is no assurance that any transaction will be agreed. Until such time as it is appropriate to make a public announcement on any potential transaction, Talisman does not intend to make any further comment on this matter,' Talisman said in a statement.
Talisman said the statement was in response to the media reports of Repsol's interest in acquiring Talisman.
Respol, which is seeking to expand beyond Spain, sees Talisman's energy assets in the North America and Asia Pacific as a growth opportunity.
TLM is currently trading at $11.83, up $1.26 or 11.92%, on the TSE. TLM is currently trading at $10.90, up $1.05 or 10.66%, on the NYSE.
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