Uncertainty hangs over the immediate future of the UK's biggest nursery operator, Nord Anglia, as its largest shareholder, Principle Capital Partners, decides whether to make a formal bid to take over the company. The Nord Anglia board rejected the indicative cash offer of between 200p and 210p per share last month because it 'significantly' undervalued the company (News, 19 October). It has given Brian Myerson's investment vehicle until 29 November to make a formal offer.