You have to have a ‘going concern’ to get maximum value! They think you need them, then you getting low balled. They see you as doing fine without them but they want you to maximise their bottom line then they offer fair value and above. The difference is likely at least 100s of millions. Likely a billion or more. So expand like you don’t need them. Talk up offers to where you want them. Exit stage left. Humanity wins. We all bag fortune.