Talisman shareholders approve acquisition by Repsol

Shareholders of Talisman Energy Inc., Calgary, have approved the acquisition of the company by Spain’s Repsol SA (OGJ Online, Dec. 16, 2014).

More than 99% of ordinary and preferred shareholders at a Feb. 18 special meeting approved the deal, which both companies expect to be completed in the second quarter.

In December, Repsol offered $8.3 billion for all Talisman shares along with Repsol assumption of $4.7 billion of Talisman debt.