Alan Kelly (Tipperary, Labour) | Oireachtas source

What was the motivation behind spending such a large amount on the IMI? I listened to the earlier questioning and I will try not to overlap with it. Everyone knew the IMI was a basket case in the sense that it was in serious trouble financially. What competition did UCC have in buying the IMI? If it was such a good acquisition, who else was UCC competing with to buy it?