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Tuesday, December 2, 2014

Canada's Onex in talks to purchase UK survival firm Survitec - Bloomberg, (NYSE: TRI), (TSE: TRI.TO)

Canadian takeover firm Onex Corp is in talks to purchase a UK safety and survival equipment maker from Warburg Pincus LLC for about 450 million pounds ($704 million), Bloomberg reported, citing three people with knowledge of the discussions. The two private equity firms are negotiating a price for Survitec Group Ltd and a deal is expected before the end of the month, Bloomberg reported. (bloom.bg/1zMvE48)Private equity firms were preparing to submit final offers for Survitec, Thomson Reuters Loan Pricing Corp reported early last month.Survitec provides survival products from life jackets to anti-gravity suits to the marine, aviation and defense industries among others.Warburg Pincus declined to comment. Onex and Survitec were not available for comment.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.5% or $-0.2/share to $39.74. In the past year, the shares have traded as low as $33.21 and as high as $40.66. On average, 752416 shares of TRI exchange hands on a given day and today's volume is recorded at 795641.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.2% or $0.09/share to $45.35. In the past year, the shares have traded as low as $36.86 and as high as $46.50. On average, 713636 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 722436.



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