Not now. Not after the next round. Not when the number gets interesting.
All-cash, no conditions. Board approval waived.
The number goes up when you decline. It always does.
Most companies are built to be sold. The plan is the exit; the product is the vehicle; the people are the payload. Everything bends toward the day the number arrives, and on that day, the purpose is whatever the buyer decides it is now.
Exitless companies remove the exit on purpose. Ownership is placed in a perpetual-purpose trust that has one instruction and cannot be bought out of it: keep doing the thing well, for as long as the thing is worth doing.
A patient company can price fairly, repair freely, refuse the extractive upgrade, and keep a promise longer than a quarter. Not because its people are saints, but because its ownership makes the short move structurally impossible.
You cannot sell what was never for sale. There is no number.