Garden centre chain Wyevale has begun negotiations about possible takeover of the business.
The Hereford-based company, which run 114 sites across the UK, including a number in the West Midlands, yesterday confirmed it had received expressions of interest from a number of bidders, including private equity houses.
It said: " A process is underway to explore these interests with a view to determining whether an attractive offer can be obtained for all shareholders.
"There can be no certainty that an offer will be made, nor as to the terms on which any offer might be made. Shareholders are advised to take no action at this time."
A spokesman for Wyevale declined to name any of the bidders, but said the interest was at a very early stage.
He said: "There have been a number of parties expressing their interest. The board of Wyevale are in discussions with them to see if an offer can come to fruition."
Meanwhile, the board said it would oppose a motion by investment company Laxey Partners to remove David Williams as its chairman, a position he has held since March. Laxey Partners also intends to call for the appointment of Robert Ware, formerly of property company MEPC, as a non executive director.
Earlier this month the company revealed plans for a shake-up of its strategy to incorporate the sale of smaller sites and focus on developing the group's larger garden centres, along with refurbishment of existing stores.
Good trading at the company's larger outlets helped sales in the 26 weeks to July 3 edge up 0.4 per cent to £108.6 million.
A Wyevale spokesman said: "The company believes it has the right board in place to drive its strategy forward."
