This is a deal S&N had to do [to be a major European player].
In these competitive markets and with Wal-Mart breathing down your neck, it's all about grabbing the opportunity to expand in regions where you've got critical mass. It's better to be successful in a few countries and leave it at that than be in every country and be struggling.
There's renewed confidence - companies are feeling happy, they are feeling pretty good about life. They are saying we don't need this money for a rainy day: we can buy extra growth.
It looks like a strategically good move. These are property and cash-flow assets, and that's why they are worth so much money.
Consolidation now is probably a good thing.
Companies are feeling prepared to buy. We'll see more announcements coming through. It's a good thing for stocks.
The global economy is still pretty good. U.S. unemployment down to 4.7 percent is very good. China's still looking bubbly. Unless it goes very pear-shaped on the global front, it doesn't look too bad.
All this mergers and acquisitions activity is quite extraordinary.