I don't think yet you can say this is definitely going to succeed.

In current market conditions, a high quality U.S. asset manager doesn't come cheap.

Will be well-nigh imperceptible.

People want people to be interested in them. People want an outlet, and people want attention. I want people to see things and comment on them or be attracted to them or create controversy.

Technical issues such as the ownership structure and tax status will have to be addressed. But you don't make such a statement unless negotiations are well advanced.

There is strategic logic in this move but this is not the end of the story.