Shares in Talisman Energy surged 20 per cent before dropping back a little after Spanish energy giant Repsol confirmed that it is considering a takeover of the Canadian firm. It’s not the only interested party though as it’s also reported that the Canadian Pension Plan Investment Board is also thinking of making an offer. Talisman has said that although it is in talks with interested parties there is no guarantee of a deal. Experts are forecasting further M&A activity in the energy sector in the coming months.
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