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Thursday, October 2, 2014

Brazilian M&A deals jump in third quarter despite election fears, (NYSE: TRI), (TSE: TRI.TO)

Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent from $13.23 billion in the prior quarter, according to a preliminary Thomson Reuters report on M&A activity. About 136 deals were announced during the third quarter, up from 120 in the prior three months, a gain of 13 percent.The surge in announcements came as tension heightened ahead of Brazil's most unpredictable presidential election in 12 years. Brazilians will cast first-round ballots on Sunday.Speculation last month that President Dilma Rousseff could lose to a more business-friendly candidate triggered a market rally, but that began to fizzle when she overtook rivals in recent polls.Strategic buyers brushed aside caution and raised their exposure to Brazil by acquiring specific assets or tapping an economy with a vast consumer base. Buyout firms such as GP Investments Ltd and sovereign wealth funds like Singapore's GIC were on the prowl, snapping up targets in sectors such as tourism and education.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.05% or $-0.02/share to $36.39. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 662642 shares of TRI exchange hands on a given day and today's volume is recorded at 1097478.

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 $-0.14/share to $40.66. In the past year, the shares have traded as low as $35.07 and as high as $42.10. On average, 643562 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1080691.



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