CSL and Philips raise a combined $2.2 billion

The successful block trades in CSL and TSMC shares come at a time when the equities markets are traditionally quiet.

In less than 24 hours, in what is normally a quiet time of the year, two companies were able to raise a combined $2.2 billion from successful block trades. AustraliaÆs CSL raised $1.5 billion to fund its latest acquisition, and Royal Philips Electronics sold its final stake in Taiwan Semiconductor Manufacturing Company TSMC.

CSL, a company that develops and manufactures vaccines and plasma therapies, raised $1.5 billion in AustraliaÆs largest ever overnight placement. The deal was launched on...

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