Comment / Stressed Toll Group – dismal in forwarding, barely adequate in logistics

ID 2115945 © Vladek | Dreamstime.com

All eyes are on Japan today as the ageing country slipped into technical recession, while a very hot near-U$6bn deal, priced at whopping multiples, was disclosed in the semiconductor space.

(Click to expand DeskOne’s snapshot below.)

A brave Japanese U$31bn-market-cap behemoth, Renesas Electronics Corp, whose stock trades at just 8x forward Ebitda, went for a rather expensive cross-border transaction, targeting Australia.

Seen it before? 

Sort of, sure.

In our little Premium pond, pricey inbound M&A down under is nothing new from the Land of the ...