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Canada Pension Said to Weigh Talisman Bid; Repsol Nears Deal

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Canada Pension Plan Investment Board is weighing a bid for Talisman Energy Inc., people with knowledge of the matter said, even as Repsol SA closes in on a deal for the Canadian oil-and-gas explorer.

Canada Pension initially considered buying parts of Talisman and is now also looking at a bid for the whole company after a drop in its share price, one of the people said, asking not to be identified discussing private information. Talisman is aware of Canada Pension’s interest, though a deal may not be reached, the people said.