The offer, which is subject to a working capital adjustment, will be submitted for court approval to constitute a stalking-horse
bid in the near future, Seneca said.
A traditional means of challenging a leader has been for a "stalking-horse
" to stand in the governing party's internal elections.
Left-wingers believe a stalking-horse
candidate would damage Mr Brown in the first ballot - and allow Education Secretary Alan Johnson to step into the contest.
candidate Dr Bill Wilson is a key ally of Alex Neil, whom Swinney defeated for the leadership three years ago.
It can be argued that a change in the working pattern would simply be a stalking-horse
to reduce teachers' holidays and extend their working time.
(NASDAQ: ACET), a company engaged in the development, marketing, sale and distribution of human health products, pharmaceutical ingredients and performance chemicals, has entered into a "stalking-horse
" asset purchase agreement with Shore Suven Pharma, Inc.