Sir Tom Hunter shows no sign of backing down in the face of Tesco's £156m bid after acquiring a further 10% of Dobbies' shares with backing from investment bank Kaupthing Singer & Friedlander.
The property magnate added that his investment company, West Coast Capital, which took its stake to 20.6%, is 'considering all its options in relation to its shareholding, one of which is a possible offer for the company'.
On Friday last week, Tesco announced it had secured an agreement to purchase 22.6% of Dobbies' shareholding.
It has been claimed that Sir Tom Hunter is expected to try to increase his holding to a 25% blocking stake.