Here comes the first wild M&A rumour of the year that is actually worth chasing, knowing what the would-be buyer and well-known seller, in this particular case, have been doing and looking for in the past few months.

In fact, the latest rumoured tie-up makes more sense than all the other private equity talk we have enjoyed so far with regard to the auction under way for Toll Global Express (TGE).

The usual caveat is that anything can happen ahead of an ...

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