Entrepreneur Philip Green has said shareholders owning at least 20% of Marks & Spencer are supporting his proposed bid for the iconic retailer. Mr Green hopes these shareholders, including US firm Brandes and Schroders, will put pressure on M&S to back his latest £9.1bn proposed offer.
Shareholders are waiting to see the details of M&S chief executive Stuart Rose's turnaround plan on Monday.
But pressure has been building for M&S to allow Mr Green access to its books.
On Thursday, the board of M&S rejected Mr Green's proposed offer of £4 per share for the retailer, the third bid proposal that Mr Green has put forward.
Now it is up to shareholders, and Philip Green has been lobbying to win their support.
http://news.bbc.co.uk/1/hi/business/3881111.stm