Repsol Acquisition of Talisman Energy Creates Leading Global E&P Company with Enhanced Growth Platform December 16, 2014
Transaction overview All-cash price of US8.00 per Talisman share Per Share Consideration All-cash price of C25.00 per Talisman preferred share Transaction Value Approximately US13 billion (including current debt) Structure Plan of…
Compelling Opportunity Significant and immediate value return to stakeholders A premium of 75% to the seven-day volume weighted average share price A premium of 60% to Talismans 30-day volume-weighted average share price Combination…
Repsol overview Norway Russia Canada Netherlands Ireland Romania Italy Canaport LNG Spain Bulgaria USA Portugal Tunisia China Aruba Venezuela Morocco Algeria Houston Trinidad & Tobago Libya Mauritania Nicaragua Guyana…
Complementary capabilities World class explorer Experienced production operator Deepwater exploration experience and portfolio Unconventional experience and portfolio Broad international portfolio with strong focus on North…
Maximizing value for talisman stakeholders Going concern strategic pathways increasingly challenging Collapse in oil prices puts pressure on FCF gap North Sea and other legacy commitments limit ability to curtail capex Partial…
Benefits to Canada Repsol has identified Canada as a core area for growth and investment. Calgary to be one of Repsols largest corporate centres outside of Spain Talismans Canadian assets will continue to be managed locally in Canada…
Compelling Opportunity Significant and immediate value return to stakeholders A premium of 75% to the seven-day volume weighted average share price A premium of 60% to Talismans 30-day volume-weighted average share price Combination…
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