Investors have received billions of euros from European companies so cautious about the economic outlook they could find nothing better to do with spare cash, but many now want boards to snap up rivals instead - and are rewarding them when they do.Years of financial crisis meant companies used any surplus first to pay down debt and then keep shareholders sweet with dividends and share buybacks. They spent nearly $3 trillion on buybacks globally since 2008, Thomson Reuters data shows, a rise of more than $150 billion from the 2002-2007 period.Now the pressure is on firms to put excess cash to work.European M&A is down nearly a quarter on last year to $511 billion, according to Thomson Reuters data. But globally, the shares of active buyers have enjoyed their best run since the financial crisis kicked off, beating quiescent peers by 4.7 percentage points, say consultants Towers Watson.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.96% or $0.36/share to $37.69. In the past year, the shares have traded as low as $28.53 and as high as $38.73. On average, 865927 shares of TRI exchange hands on a given day and today's volume is recorded at 955727.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.68% or $0.27/share to $40.08. In the past year, the shares have traded as low as $28.45 and as high as $40.61. On average, 990912 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 2007717.
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