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UK confectioner Cadbury will soon find out if it will be the target of a hostile bid by would-be US suitor Kraft Foods.
Under Takeover Panel rules, Kraft has until 1700 GMT on Monday to make a new offer or walk away for six months.
Reports in UK newspapers have suggested Kraft will make a hostile bid directly to shareholders, and Cadbury will resist the approach.
Cadbury in September rejected an approach worth £10.2bn from Kraft.
Kraft's original approach was worth 745 pence per Cadbury share, though the cash-and-stock offer has since declined in value because of a drop in the value of Kraft's shares.
Kraft's bid was for 300p in cash and 0.2589 new Kraft shares for each Cadbury share, so the offer is worth about 720p now.
But shares in Cadbury have risen about 30% since late August, and are now 758p a share.
Cadbury has said the original Kraft offer "fundamentally undervalued" the firm and that it would prefer to remain independent.
The Sunday Telegraph reported Cadbury chairman Roger Carr has met most of the company's top 50 shareholders in London and New York to persuade them against Kraft's offer.