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.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.67% or $0.61/share to $37.12. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 659183 shares of TRI exchange hands on a given day and today's volume is recorded at 844623.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 2.53% or $1.03/share to $41.79. In the past year, the shares have traded as low as $35.07 and as high as $42.10. On average, 643020 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1093964.
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