Sovereign wealth funds have been much slower to pursue merger and acquisition deals so far this year after a bumper 2013, according to Thomson Reuters data. Sovereign wealth funds (SWFs), which invest windfall revenues from oil and other exports for future generations, sealed $155 million of M&A deals in publicly listed markets up to March 10, less than a tenth of the value for the same year-ago period.The number of deals stood at nine in this period, this graphic shows:In the same period last year, they made 20 deals worth $2.7 billion.In the whole of 2013, sovereign funds sealed M&A deals worth $36.5 billion, their highest since 2010. That was still half of the boom year of 2007, when SWFs made deals worth $73 billion.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.45% or $-0.15/share to $33.43. In the past year, the shares have traded as low as $31.09 and as high as $38.73. On average, 759351 shares of TRI exchange hands on a given day and today's volume is recorded at 679224.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.13% or $-0.05/share to $37.10. In the past year, the shares have traded as low as $31.79 and as high as $42.10. On average, 943236 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 790819.
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