There are plenty of parties lining up for a piece of Toll’s $3.2 billion a year global express division – but the question is whether Japan Post can get a bidder to take the whole plate.
It looks like the field is made up of a pair of Australian turnaround funds and some other onlookers, who are up against a raft of strategic bidders interested in bits and pieces that could bolt on to their existing businesses.
We take a look at who’s hanging around the hoop, as Japan Post tries to get a deal done by March 31.
Elsewhere, we delve into banker bonus season and find better than expected payments in the big American banks over the past week.
We also check on the first chunky IPO out of the blocks this year: Airtasker.
Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd Street Talk Editors
