I think it is bolstering management rather than bringing in someone who is going to say yes to a bid.

Ultimately, they’re all in the same position.

It ties in with their long-term strategy. In a bid situation, 350 pence does not seem unreasonable.

The follow-on from this is that E.ON is unlikely to re-bid for Scottish Power in the near term.

I think it’ll be viewed as positive action. It might create buyers.