rival-banks-challenge-goldmans-tsmc-transaction

Rival banks challenge Goldman's TSMC transaction

Complaints concern whether the $1.75 billion deal is eligible for league table credit. If included, the sell-down by Philips will push Goldman to number one.
Frequent readers of this website may notice that the league tables provided by Dealogic on a weekly basis weren't updated on Friday as usual and no league table roundup is included in this morningÆs newsletter.

The reason, according to Dealogic, is that a number of investment banks have challenged the inclusion of Royal Philips ElectronicsÆ $1.75 billion sell-down in Taiwan Semiconductor Manufacturing TSMC last Monday. While such challenges are by no means unusual, the sheer size of this trade and the fact that it will in one go propel Goldman Sachs as the sole bookrunner of the transaction from seventh to first in the Asia ex-Japan ECM ranking has prompted Dealogic to hold off on...
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