CVC Capital Partners, the private equity group is reported to be in the early stages of plotting a possible take over bid for UK Newspaper publishing group Trinity Mirror PLC.
However, CVC will time their bid carefully as although share prices have fallen stock is still 13.5 points up over the past year and the company is valued at almost two billion sterling.
Sly Bailey, chief executive for Trinity Mirror is likely to oppose any takeover approach, after allegedly rebuffing a second takeover from private equity house Candover Investments early this year.
Neither CVC Capital or Trinity Mirror have commented on the claims.