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Monday, January 5, 2015

Attractive valuations seen helping Brazil M&A recovery this year, (NYSE: TRI), (TSE: TRI.TO)

Mergers and acquisitions in Brazil should gain steam in coming months as a slumping currency and lower asset prices prompted foreign companies and investment funds to spend $33.1 billion on takeovers in Latin America's largest economy last quarter. A stagnant economy and a 12.5 percent tumble in Brazil's currency last year drove down asset prices and narrowed the gap between asking prices and bids, bankers said. That helped spur some robust dealmaking activity on complex deals like spinoffs, de-listings and debt restructurings, a trend that bankers expect again in 2015.Last year, companies announced $77.07 billion worth of corporate takeovers in Brazil, the largest amount since 2011, a Thomson Reuters report on M&A activity showed on Monday. Some 553 deals were announced last year, down from 633 in 2013.Credit Suisse Group AG and Ita� BBA, Ita� Unibanco Holding SA's wholesale and investment banking unit, topped last year's rankings in terms of value and number of deals, respectively.Strategic buyers such as SBM Offshore NV raised their exposure to Brazil with a few acquisitions. Private-equity firms such as Advent International Corp also went on the prowl, snapping up targets in sectors from technology to education and consumer goods.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.64% or $-0.655/share to $39.30. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 782762 shares of TRI exchange hands on a given day and today's volume is recorded at 187506.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.3% or $-0.61/share to $46.34. In the past year, the shares have traded as low as $36.86 and as high as $47.94. On average, 752862 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 118906.



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