DX Group PLC has extended the deadline with a consortium which is looking to bid for the company.
Gatemore Capital Management LLP and Lloyd Dunn, operating through HIG European Capital Partners, said it intended to make a bid worth 48.5p per DX share and was seeking the recommendation of the delivery firm's board.
The consortium said it had received letters of intent representing 29.4% of DX shareholders as at the end of October.
HIG said the possible offer is subject confirmatory due diligence and the unanimous and unconditional recommendation by the DX board.
The deadline has been extended to 21 November.