In many respects we have bought companies that are fundamentally strong,
but have issues that we believe our management and our expertise can help
resolve,

We have done a very considerable due diligence. We have spent a lot of time with the local management and have got a good understanding of the positioning of the brand and the positioning of the business in Sweden.

That is a significant level,

The three top shareholders (Fidelity, Cevian and Burdaras) are very much in favor of the transaction. We are confident that the compelling logic of the transaction is coming through,

Although we have had indications from certain Skandia shareholders that they do not accept, this has got a long way to go,

The (threshold in the) prospectus is at 90 percent. We want the whole of the company,