Mergers and acquisitions worth more than $5 billion have quadrupled in number so far this year from a year ago, marking the strongest first four months of the year for so-called megadeals since 2007, data showed on Friday.Such transactions took place across all industry sectors and in 16 countries around the world, the weekly Thomson Reuters data showed, as companies took advantage of factors including cheap borrowing costs and relatively buoyant stock market conditions.The data showed the number of megadeals rising to 35 in January through April, against nine in the same period of 2013.In one such deal announced earlier this week, power company Exelon Corp said it would purchase Pepco Holdings for $6.83 billion, the largest deal in the energy and power sector since 2012, Thomson Reuters said.
Pepco Holdings, Inc. (PHI) is a holding company, that, through regulated public utility subsidiaries, is engaged primarily in the transmission, distribution and default supply of electricity and the distribution and supply of natural gas (Power Delivery): Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Shares of POM fell by 0.04% or $-0.01/share to $26.92. In the past year, the shares have traded as low as $18.04 and as high as $27.04. On average, 3915980 shares of POM exchange hands on a given day and today's volume is recorded at 6144246.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.34% or $-0.12/share to $35.69. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 870774 shares of TRI exchange hands on a given day and today's volume is recorded at 190805.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.28% or $-0.11/share to $39.15. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 971923 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 103544.
Source
