M&A landscape: nothing chunky to buy, lots to break up
Inspired by the bear, threatened by the bull or vice versa?
Being creative in corporate finance costs very little but takes lots of effort, so I was grateful when a sell-side note highlighting the paper value value of Deutsche Post DHL’s (DP-DHL) constituent parts landed in my inbox on Monday. That happened just a day before DP-DHL released an unexpected, preliminary trading update for the second quarter.
Background
The German powerhouse has often been talked about as one of those herre T&L beasts whose corporate tree could well look very different at some ...
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