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.
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It looks like a strategically good move. These are property and cash-flow assets, and that's why they are worth so much money.
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It's been an extraordinary start to the year for European stock markets.
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Companies are feeling prepared to buy. We'll see more announcements coming through. It's a good thing for stocks.
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All this mergers and acquisitions activity is quite extraordinary.
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There are genuine concerns about economic growth globally, and there's earnings pressure from a lot of places.
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