Repsol Said to Drop Talisman Takeover Plan, Weigh Asset Purchase

Repsol SA has dropped a plan to buy all of Talisman Energy Inc., and is instead weighing the purchase of some of the Canadian company’s shale assets, people with knowledge of the matter said.

After conducting due diligence on Talisman the Spanish company abandoned its original plan for a full takeover, the people said, asking not to be identified discussing private information. Repsol failed to find buyers for assets it wasn’t interested in owning after a takeover, including Talisman’s North Sea and Southeast Asia assets, the people said.