Market Insight: Toll (Express) firmly 'in the bargain basement' bin
There are deals that take forever to wrap and whose final value is an inverse ...
“Hello my friend. How are you?”
With a bit of noise already in the background, it all started officially here a fortnight ago when a senior freight forwarder sorely challenged the seemingly unchallengeable M&A outlook in logistics.
Which, once more, doesn’t look too rosy for anybody targeting transformational deals, say $5bn-plus in enterprise value (EV), given a real paucity of viable candidates.
But dirty top dollar, naturally, can do wonders in M&A.
No longer immune
That imaginary conversation playing in my head four years ago ...