Canada's Talisman Energy said Oct 20 it will pay GBP1.218-bil (US2.15-bil) in cash for the UK's fourth-largest E&P company,Paladin Resources.The move will boost Talisman's foothold in Norway,the world's third largest oil exporter.The deal,the largest takeover of a UK-based independent since Shell's US6.2-bil acquisition of Enterprise Oil in 2002,will help Talisman boost output as crude prices trade near record highs.
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