High demand for Samsung Electronics block trade

The deal, which consisted of non-voting preference shares, was upsized by more than 40% and priced at the top of the range for a total deal size of $356 million.

Samsung’s ordinary shares have gained about 18% since they hit a 2013 low in early August.

Anette Jönsson

November 08, 2013

An undisclosed institutional shareholder raised about W377.5 billion ($356 million) from the sale of preference shares in Samsung Electronics after the market closed on Thursday.

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