Comment / 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 function of the length of time it takes to carry them over the finishing line – a case in point could well be the divestment of Toll Global Express (TGE) by its parent, Australia’s Toll Group, instructed by ultimate owner Japan Post.

But also, these very deals – often the juicy gravy for investors looking at so-called special situations – could end up being a hard ...