We either had to exit the business or become a much larger player. When they [purchased U.S. Foodservice], we figured this was one of the businesses that we would be better out of.

We were very pleased with the results. We had a number of very interested buyers in this business. This is obviously much, much more attractive than the IPO.

It's basically a transaction between two old friends.

We're obviously undervalued, but I'm sure most of my peers would say the same. I think the final test [for us] will be performance. I'm very comfortable that this reshaping will continue to enhance our growth rates.

You are either alive and proud or you are dead, and when you are dead, you can't care anyway.

The player has been told he is now forgiven - but a repeat would see him heading for the exit,