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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: csl | philips | tsmc

Print Edition

FinanceAsia Print Edition