"FKI, the engineering group which is the subject of a £500m indicative offer from buyout specialist Melrose, crept up 1¾ to 69p on continued hopes that a rival offer could be pitched for the company. Earlier this month, The Sunday Telegraph revealed US private equity company Blackstone had hired Credit Suisse to examine a counterbid for the debt-laden company."
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/28/cxmktrep.128.xml