CIBC Raises $2.75 Billion

The Globe and Mail, Tara Perkins, 16 January 2008Two Canadian institutional investors are contributing the bulk of the $1.5-billion infusion that Canadian Imperial Bank of Commerce is receiving by way of a private placement.Insurer Manulife Financial Corp. is taking up $500-million worth of CIBC shares, while the Caisse de d�p�t et placement du Qu�bec will pick up $450-million.This is part of the