No. 26



Talisman Launches $344Mn Cash Offer For Lundin Oil With Sudan Operations To Be Spun Off

Canadas Talisman Energy on 21 June launched a $344mn cash offer for Swedens Lundin Oil. In a statement, Talisman said it would retain Lundins interests in the North Sea, Malaysia, Vietnam and Papua New Guinea, while the companys interests in Russia, Somalia and Sudan would be spun off into a new vehicle Lundin Petroleum (LP), whose shares would be distributed to Lundin Oil...