Retail and wholesale group, Nisa Today’s, could launch a bid for convenience chain Londis to scupper its proposed takeover by Irish food group Musgrave, owner of Budgens supermarkets.

The news follows concerns by Londis members about the compensation packages to be offered to four Londis directors on completion of the proposed £40m offer by Musgrave.

It appears that Londis chief executive Graham White, secretary Andrew Wallace, sales director Terry Bedford and commercial director Denise Buller, will get £7.1m in compensation payouts for their contracts. This is on top of them sharing £20m for their 51% stake in the c-store group.

The board of Nisa-Today’s are due to meet today to discuss its options.