Our impression is that it requires a lot of investments in infrastructure. We're not certain if it's best to just buy the assets rather than the company itself, given the history of these companies.

Some gains today are because of foreign exchange gains.

We've been invited to look at these opportunities and we're looking at it. But I don't think we've made any decision to take the plunge.

Growth in core earnings will be benign as revenue growth moderates.

It better aligns First Pacific's book values with market values at this point in time, and the more realistic values afford a basis for sensible financial performance measures going forward.

What attracts us to Del Monte is that a significant portion of its revenues are export driven. Del Monte also has a very strong brand in the Philippines, it's starting in India and has a growing presence in China.