Bar chain Sports Cafe has said trading over the final quarter of its financial year has been "below expectations".
The company said its board will hold a meeting tomorrow (9 January) to establish how bad things are.
"Sports Cafe will, within the confines imposed on the company as a result of it being in an offer period, be providing a fuller update after that board meeting," it said in a trading statement.
Last September, Sports Cafe said it had received an informal bid approach.
In October, it announced its withdrawal from in store gaming and said second-half results would be impacted by the delayed opening of its Cardiff cafe.
Earlier in the year, the group signed a two-year deal with broadcaster BSkyB to screen Sky Sports channels in high definition at its eight venues.
By Kerstin Kühn
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