Canadian oil company Talisman Energy Inc. has said today that the Court of Queen’s Bench of Alberta granted a final order approving the proposed arrangement under Spain’s Repsol S.A. will take over Talisman.
The arrangement was approved by Talisman shareholders at a special meeting of shareholders held on February 18, 2015.
Talisman has also confirmed that the holders of its Preferred Shares will participate in the arrangement.
The completion of the arrangement remains subject to the receipt of required regulatory approvals and the satisfaction or waiver of other customary closing conditions.
“All regulatory approvals are on track and it is anticipated that the completion of the transaction will occur in the second quarter of 2015,” Talisman has said.