Mr. John Collison:

On the sequencing of the prospective bidders, that was one of the key tasks and objectives we set for Lazard. We relied heavily on it to pick what we called the right bidders - credible bidders. It initially selected the first three, two of which opted not to participate. That in sequence led to the engagement with Cerberus. I think Apollo might have been after that also, but we relied heavily on Lazard's advice at that stage. Having been briefed on the composition of the portfolio and where the assets were located, one of its key tasks was to select the actual bidders which could transact during the timeframe about which we were talking and which also had the financial wherewithal to transact.