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 ...

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