Bank of Scotland and Royal Bank of Scotland are set for a bidding show down in their last chance to win the takeover battle for National Westminster Bank.
After midnight tonight neither bank will be able to up their bids.
Experts predict both banks will bump up their cash offers, but any increases are expected to small. The RBS bid currently stands at £22.5bn and BoS has made an offer of £24.3bn.
Head of Natwest's board Sir David Rowland tried to fend off takeover by reminding shareholders of the banks earlier intention for a joint bid. He claimed their initial partnership was based on a lack of confidence in their capacity to manage the merger.