As a workaround, I have done the following:
cp /usr/share/aclocal/libtool.m4 ./admin
cp /usr/share/aclocal/libtool.m4 ./admin/libtool.m4.in
cp /usr/share/libtool/config/ltmain.sh ./admin
That solves the issue with tdeutils
That is exactly what the wiki says to do.
http://www.trinitydesktop.org/wiki/bin/view/Developers/HowToBuild
3. Building with autoconf
...
Regenerate Autoconf/Automake files
Perhaps you thought you had been doing this all along but now discover that you
haven't? (Been there, done that!) :)
Darrell