trans·act /trænˈzækt, træn(t)ˈsækt/
Trans·act v. t. [imp. & p. p. Transacted; p. pr. & vb. n. Transacting.] To carry through; to do; perform; to manage; as, to transact commercial business; to transact business by an agent.
Trans·act, v. i. To conduct matters; to manage affairs. [R.]
v : conduct business; "transact with foreign governments"