Talisman Acknowledges Approach From Repsol - Quick Facts

(RTTNews) - Responding to media reports, Talisman Energy Inc. (TLM, TLM.TO) acknowledged that it has been approached by a number of parties, including Repsol (REPYY.PK), with regards to various transactions.

"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 Energy said in a statement/

Earlier today, Bloomberg reported that Repsol has revived talks with Talisman Energy and are discussing options that could include the sale of some assets or the whole company. But, Talisman's plunging valuation remains a hurdle to any deal.