Carl Icahn recently announced the acquisition of a 5.97% share stake in Talisman Energy Inc, the Canadian energy producer. He is now preparing to discuss with management as to the sale of company assets.

The shareholdings has a volume of 61.6 million shares acquired through purchase of stocks and options. According to documents filed with regulators, the acquisition cost USD277 million, He then went on Twitter to say that part of the deal are future discussions regarding strategic alternatives, board seats and other businesses.

The Icahn purchase came after Talisman Energy CEO Hal Kvisle had targeted joint ventures or sales of the company's assets located in Asia, North America and in the North Sea. Kvisle hinted that the company may be 'split'  and the sale of its North Sea assets would be its first step towards a North American focus for the company.

At close of trading in the Toronto Exchange, Talisman share values fell 2% to CAD12.89 with shares declining 29% from 2010 due to falling natural gas prices.