Holders of Talisman Energy (NYSE: TLM) common shares and preferred shares have approved the proposed arrangement under which Repsol, through a wholly-owned subsidiary, will acquire all of the outstanding shares of Talisman, according to a news release.
Of the votes cast, more than 99% of holders of each class of shares voted in favor of the agreement at the special meeting of shareholders held earlier today.
Completion of the arrangement remains subject to the granting of a final order by the Court of Queen's Bench of Alberta, the receipt of required regulatory approvals and the satisfaction or waiver of other customary closing conditions, Talisman said in the news release. The transaction is expected to be completed in second-quarter 2015.
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