Post Acquisition Structure

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      I’ve seen that you’ve stated on more than one occaison that during the sale of Sierra to CUC, one of your main goals was to work out a post acquisition structure which would allow Sierra to continue to be successful. However, you’ve never spoken about what this structure was supposed to be. What was it, and why, from a business perspective, did Sierra ”die”? Strategically, why did it stop producing hits?

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