Days Inn, Inc. is a Delaware corporation.

Days owns a chain of luxury hotels across the United States. Days$$s board recently decided to sell its premier hotel, The Gambler$$s Den, located in Las Vegas. The board hired an expert appraiser, who did a detailed valuation study of the Gambler$$s Den and concluded that its fair market value was between $$25$ million and $$27$ million. Days solicited bids to buy the hotel. The highest bid was from Clinton, Inc., which offered $$27\mathrm{.}1$ million cash.

On November $1,$ the board met to discuss the sale. The directors reviewed the valuation study and the bids and were about to approve the Clinton contract when they received a last$-$minute offer from Trump Enterprises. Instead of paying cash, Trump offered to trade another hotel property, The Suave, located in San Francisco, for the Gambler$$s Den. The Days board decided to adjourn the meeting until November $8$ to give the directors time to evaluate the Trump offer.

The board met again on November $8.$ Days$$s attorney explained the terms of the Trump contract and indicated that he saw no problems with the contract. The attorney also indicated that he had contacted Clinton and it refused to increase the amount of its cash offer. The Days directors then approved the deal with Trump, indicating that they thought the Trump trade was a better deal than the Clinton cash offer.

Briefly explain the strongest argument that the board failed to adequately inform itself before approving the Trump transaction.