They were 2 separate processes. You can't put the two trades together to determine if we got fair value for Bell. Even if we traded 20 and 21 for magic beans, we still got 21 for Bell.
Last year's trade period was very unique for us, a massive amount of activity with certain trades dependent on previous trades. So much so unless you really sit down and look closely at the various activities you won't understand these activities. In that context I do look at the final outcome, and not the individual parts. That's how I evaluate it. If you evaluate it differently then all power to you.