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Among the smaller caps, Greencore said that it was not intending to make a revised offer for Northern Foods.
There were no further negotiations over the weekend but Chelsea intend to make a revised offer in order to bolster their defensive options.
A bankruptcy judge today rejected an effort by Berkadia L.L.C., a joint venture between Warren Buffett's Berkshire Hathaway Inc. and the Leucadia National Corporation, to make a revised $1.15 billion offer for the Conseco Finance Corporation.
Analysts at Credit Suisse predicted that Potash might accept a bid based on a 50 percent premium, and said in a report that they expected BHP to make a revised offer.
One said CSN had secured debt facilities with its bankers that would allow it to raise its bid further: 'It's clear where the market thinks this might end up - around 550p.' Under a timetable set out by the Takeover Panel, Tata has until the end of the month to make a revised bid.
If they make a revised version of this bag that addresses this, it will have my hearty recommendation.
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But after a disappointing response the E.U. made a revised offer, cutting back some of the coverage.
Its latest statement said the consortium, which includes a Canadian investment house, Borealis Infrastructure Management, and GIC Special Investments of Singapore, made a revised offer of £8.10 ($15.25) a share.
Phil Tannenbaum, pitcher Rick Reed's agent, said yesterday that he spoke Friday night to General Manager Steve Phillips, who made a revised offer for Reed.
The prime minister's spokesman said: "I know that the media organisations you just referred to have made a revised version of their proposal this morning.
Hicks, Muse and Bear , Stearnsended up dropping their acquisition plans after the firms made a revised -- and lower -- bid for the company that was rejected by Manville's board.
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