Company W is a manufacturing company with three divisions, all of which are making profits:

• Division A which manufactures cars

• Division B which manufactures trucks

• Division C which manufactures agricultural machinery

Company W is facing severe competitive pressure in all of its markets, and is currently operating with a high level of gearing Company W's latest forecasts suggest that it needs to raise cash to avoid breaching loan covenants on its existing debt finance in 6 months' time

In a recent strategy review. Divisions A and B were identified as being the core divisions of Company W

The management of Division C is known to be interested in the possibility of a management buy-out. Company Z is known to be interested in making a takeover bid for Company W's truck manufacturing division

A rival to Company W has recently successfully demerged its business, this was well received by the Financial markets

Which of the following exit strategies will be most suitable for company W?