Comment / M&A radar: As break-up talk swirls, the vultures circle Toll Group

The only problem with a fair assessment of the Toll story is the word limit for what could be an essay of considerable length soon to be consigned to the M&A history books.

Background

Not one, or two, but three corporate sale denials later – I caught one released internally and two on record since mid-April – its commander in chief Thomas Knudsen was even praised by a few in my circles as far as “biting the bullet” is concerned. That, at ...