Talisman Energy Inc. (TLM) said May 8 that its acquisition by Repsol SA (REPYY), through an arrangement under the Canada Business Corporations Act, was completed.
A wholly-owned subsidiary of Madrid, Spain-based Repsol acquired all outstanding common shares of Talisman at US$8 each, and all outstanding preferred shares CA$25.1093. This amount represents CA$25 plus dividends, the company added.
Calgary, Alberta-based Talisman’s common shares will delist from the Toronto Stock Exchange and the New York Stock Exchange. All preferred shares will delist from the Toronto Stock Exchange.
On Feb 20, a press release said the Court of Queen’s Bench of Alberta granted a final order approving the arrangement, which was made by Talisman shareholders at a Feb. 18 special meeting.
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