Talisman retains option to cancel Arakis takeover

Article Abstract:

Talisman Energy Inc. has an option to cancel its proposed acquisition of Arakis Energy Corp. of Calgary, Alberta. The company was supposed to buy Arakis in a C$295-million deal, giving it a 25% stake in a Sudanese oil project. However, a recent US bombing in Sudan has given the company grounds to withdraw its offer. Meanwhile, Arakis CEO Raymond Cej that despite the agreement to allow Talisman to cancel the proposed takeover, it does not necessarily mean that Talisman is intending to pull out from the proposed buyout.

Comment:

Has an option to cancel its proposed acquisition of Arakis Energy of Calgary, Alberta

Talisman Energy Inc., Article, Arakis Energy Corp.

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TransAlta plans huge asset sale

Article Abstract:

Calgary, Alb.-based Transalta Corp. has announced plans to end its New Zealand operations. Transalta Corp., which also will sell $1.4 billion in assets as it ends electric utility operations in Alberta, is seeking to increase its revenues.

New Zealand

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TransAlta sells sytem to SNC-Teachers group

Article Abstract:

TransAlta Corp. sells its transmission operations to SNC-Lavalin Group Inc. and Ontario Teachers Pension Plan Board for $850 million.

Brief Article, Ontario Teachers Pension Plan Board, SNC-Lavalin Group Inc.

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