OM Gruppen is considering launching a secondary share offering to help fund its possible improved hostile bid for the London Stock Exchange.

Jacob Håkansson, head of investor relations at OM Gruppen, told eFinancialNews that the Stockholm-based technology company had yet to decide whether to improve its takeover offer despite having only a two-day window of opportunity left. If OM is going to submit a new offer, it has to be submitted by Friday October 27, according to Takeover Panel rules.