4 We collected information from the following sources:
■ a review of National Savings' papers, bidders' submissions and of the legal agreements underpinning the deal;
■ interviews with National Savings senior management, officials and advisers, on how they handled the negotiation of the deal;
■ a questionnaire sent to the four bidders involved from the Information Memorandum stage of the procurement; and
■ discussions with the two final bidders.