Bluebird finds counter bidder

BLUEBIRD Toys yesterday said it had received approaches which may or may not lead to an offer from a company other than Guinness Peat Group, whose hostile bid it continues to resist. Bluebird said it continued to urge shareholders to reject a bid from GPG, adding that GPG told it last week that it had received acceptances of its bid representing only 0.05 per cent of Bluebird. Bluebird said it had received the offers since the GPG bid was announced on 19 January, but offered no further details. A

further announcement will be made as soon as possible, it said.