This is just off of the top of my head, but it makes sense to me. Once GPI purchased Paulson (or Paulson merged into GPI), then Paulson no longer existed as an independent company. The same is true for B et G. I would put them only into GPI, for that reason. In essence, Paulson and BG became brands of GPI. Anything from before the purchases/mergers would be appropriate for Paulson and/or BG, but afterwards, I would put them into GPI.

Make sense?

Michael Siskin