What credibility does the board have, after presiding over the...

What credibility does the board have, after presiding over the epic trainwreck of shareholder value, to say what what's a fair offer and what's not? They should be embracing TPG with open arms IMO - for the sake of the shareholders. I would have much preferred a statement to read something far more conciliatory like, 'we will work with TPG (and other interested parties) after they complete their DD to negotiate an acceptable offer etc etc'. Yes I think BBG have been lowballed and TPG have played their cards well, but the board have brought this on themselves. Time to put the ego away and admit the company is far better off in private hands.