Asia-Pacific takeover volumes hit a record in the first half of 2014, driven by a surge in dealmaking in Australia and bankers expect the buying spree from China's private tech companies and reform of the state sector to boost second-half activity.Announced M&A volume in the Asia-Pacific region in the first half rose 67 percent from a year ago to $378 billion, preliminary data from Thomson Reuters data show, the highest volume on record for the equivalent period. The record comes amid a boom in global M&A as improving CEO confidence and strong cash positions held by corporations drove a spate of mega-deals in pharmaceutical industries."This year has seen an increase in risk appetite driving a broader mix of real M&A deals, across India, Australia and China and across industry sectors, which makes us very optimistic for the rest of the year," said Richard Campbell-Breeden, chairman of the M&A group for Asia-Pacific at Goldman Sachs Group.Australasia saw 19 deals worth more than $1 billion, compared with just two in the same period last year, with the real estate, industrials, consumer and healthcare sectors particularly active amid improving market conditions.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.72% or $0.26/share to $36.32. In the past year, the shares have traded as low as $32.36 and as high as $38.73. On average, 801595 shares of TRI exchange hands on a given day and today's volume is recorded at 1498216.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.41% or $0.16/share to $38.73. In the past year, the shares have traded as low as $33.70 and as high as $42.10. On average, 624775 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 360831.
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