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Stock Market & Financial Investment News

News Breaks
February 7, 2013
14:14 EDTTLM, SWYSafeway, Talisman stakes taken by activist West Face, Globe & Mail says
The activist fund West Face Capital disclosed in its quarterly update to investors, issued on Feb. 5, that during the quarter it had acquired minority stakes in Safeway (SWY) and Talisman Energy (TLM) among its holdings, according to The Globe and Mail. West Face said Safeway’s Blackhawk gift card division and Canadian unit are undervalued and may be potential candidates for divestiture, the report noted. Reference Link
News For SWY;TLM From The Last 14 Days
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December 16, 2014
09:16 EDTTLMOn The Fly: Pre-market Movers
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06:37 EDTTLMTalisman Energy to host conference call
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05:29 EDTTLMRepsol to acquire Talisman for $8 per share in cash
Talisman Energy (TLM) announced overnight that it has entered into a definitive agreement with Repsol (REPYY) under which Repsol will acquire all of the outstanding common shares of Talisman for $8.00 per share in cash. Total transaction value is approximately $13B, including Talisman's current debt. In addition, under the transaction, Talisman will be allowed to pay aggregate cash dividends of 18c per common share prior to closing, including the dividend declared and payable on December 31. Talisman's board has unanimously approved the transaction and recommends that Talisman's common shareholders and preferred shareholders vote in favor of the arrangement at a special meeting of shareholders to be held mid February 2015. The transaction is targeted to close in Q2 of 2015. "This deal creates significant and immediate value for Talisman stakeholders," said Chuck Williamson, Chairman of Talisman's Board of Directors. "Importantly, the deal underscores Repsol's strong belief in the high quality portfolio that Talisman has worked hard to develop. Repsol is a world-class operator with a solid track record and the financial capability to continue the development of these assets within their international portfolio. I am proud of the company that our employees, past and present, have built and I believe this transaction represents new opportunities for them in Canada and around the world."
December 15, 2014
11:43 EDTTLMTalisman Energy confirms discussions with Repsol on potential transaction
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10:57 EDTTLMRepsol to submit for consideration of board possible transaction with Tailsman
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09:37 EDTTLMTalisman Energy bid being weighed by Canada Pension Board, Bloomberg says
Canada Pension Plan Investment Board, which initially considered buying parts of Talisman Energy (TLM), is now also weighing a bid for the whole company, according to Bloomberg, citing people with knowledge of the matter. The pension board may be competing with Spain's Repsol (REPYY), which is reportedly in talks to make a bid to buy Talisman, as previously reported. Talisman shares in New York are up about 20% in early trading. Reference Link
09:09 EDTTLMTalisman Energy bid being weighed by Canada Pension, Bloomberg says
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08:48 EDTTLMTalisman Energy confirms talks with Repsol
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December 12, 2014
16:19 EDTTLMOn The Fly: Closing Wrap
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13:04 EDTTLMOn The Fly: Midday Wrap
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09:16 EDTTLMRepsol in talks to buy Talisman Energy for $6-$8 per share, FT says
Spain's Repsol (REPYY) is in talks to acquire Canada's Talisman Energy (TLM) and is currently negotiating a purchase price in a range between $6 and $8 per share, said Financial Times. Such a the deal would give Talisman an enterprise value of about $10B-$12B, including debt, the report added. The Fly notes that an earlier foreign-language report from the business newspaper Expansion said that Repsol was preparing to make a bid for Talisman that values the Canadian company at around EUR 4B, or about C$6 per share. Shares of Talisman trading in New York are up 25% to $4.60 with about 15 minutes to go until the opening bell. Reference Link
09:13 EDTTLMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Adobe (ADBE), up 5.5% after reporting first quarter results and that it will acquire Fotolia for approximately $800 in cash. ALSO HIGHER: ChemoCentryx (CCXI), up 107.1% after Phase II clinical trial in diabetic nephropathy with CCX140 met its primary endpoint... Oncothyreon (ONTY), up 15.8% after announcing exclusive agreement with Array BioPharma (ARRY)... Talisman Energy (TLM), up 24.4% after a report that Repsol (REPYY) is preparing to make a C$6.00 per share bid... GoPro (GPRO), up 4.4% after being upgraded to Overweight from Neutral at JPMorgan. LOWER: Emerald Oil (EOX), down 18% after cutting fiscal 2015 guidance, naming new COO, and providing an updated fiscal 2015 development plan... Goodrich Petroleum (GDP), down 8.2% after being downgraded to Underweight from Overweight at JPMorgan... MEI Pharma (MEIP), down 3.9% after 10M share Secondary priced at $4.00... Heritage-Crystal Clean (HCCI), down 6.6% after 3.1M share Secondary priced at $10.00.
08:26 EDTTLMTalisman rises after report of Repsol mulling C$6 per share bid
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December 11, 2014
13:30 EDTTLMTalisman Energy volatility elevated
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10:13 EDTTLMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARIAD (ARIA) downgraded at Credit Suisse... AbbVie (ABBV) downgraded to Equal Weight from Overweight at Morgan Stanley... Aimco (AIV) downgraded to Hold from Buy at KeyBanc... Anglo American (AAUKY) downgraded to Underperform from Neutral at Exane BNP Paribas... Approach Resources (AREX) downgraded at Sterne Agee... CommVault (CVLT) downgraded to Neutral from Outperform at Macquarie... Fifth Street Senior (FSFR) downgraded to Perform from Outperform at Oppenheimer... Harmonic (HLIT) downgraded to Neutral from Buy at Sidoti... Macerich (MAC) downgraded to Hold from Buy at Deutsche Bank... Newell Rubbermaid (NWL) downgraded to Outperform from Strong Buy at Raymond James... Olin Corp. (OLN) downgraded at Longbow... Penn West (PWE) downgraded to Underperform from Neutral at BofA/Merrill... Prudential plc (PUK) downgraded to Neutral from Buy at Nomura... Semiconductor Manufacturing (SMI) downgraded to Hold from Buy at Jefferies... Suncor (SU) downgraded to Neutral from Buy at BofA/Merrill... Talisman Energy (TLM) downgraded to Underperform from Neutral at BofA/Merrill... Thompson Creek (TC) downgraded to Hold from Buy at Deutsche Bank... Toll Brothers (TOL) downgraded to Underperform from Sector Perform at RBC Capital... Travelers (TRV) downgraded to Neutral from Buy at UBS... United Therapeutics (UTHR) downgraded at Credit Suisse... Vera Bradley (VRA) downgraded to Underperform from Neutral at Sterne Agee.
09:03 EDTTLMTalisman Energy downgraded to Underperform from Neutral at BofA/Merrill
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December 9, 2014
05:34 EDTTLMTalisman Energy confirms being approached by parties
Talisman Energy is issuing this press release at the request of Market Surveillance at IIROC on behalf of the Toronto Stock Exchange. Talisman acknowledges that it has been approached by a number of parties, including Repsol, 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.
December 8, 2014
15:38 EDTTLMRepsol revives deal talks with Talisman Energy, Bloomberg reports
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15:23 EDTTLMTalisman halted for circuit-breaker after report of Repsol talks being renewed
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15:21 EDTTLMRepsol revives talks with Talisman Energy, Bloomberg reports
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