money or mangement

This is only what I think, from what I can work out the Coles board don't appear to be even giving the shareholders the option to choose what they want to do. Obviously KKR have made an offer yet the board has rejected it, we don't know what the offer was but lets say it was around 13.50 - 14.00 a share, now before all this takeover talk the share price has been falling to around $10 due to a "profit pause" ie downgrade. What is the Coles board response, why don't we break up Coles group ie sell Target office works.

This is idea will not create value in the short term as no one will want to own office work shares.Target is a good business but i suspect that most people own Coles shares for the supermarkets. Clearly the best idea would be to take the profit on your shares and let the private equity companies or whoever to sort it out, as the Coles managment haven;t exactly meet their targets. For example their $800 million five years ago is not going to be met and the only reasons they are close is because of the underspending on investment in stores and customer service.