Mariner Corporation ’s chances of a successful bid for Globe International hang in the balance after the fifth largest shareholder in Globe said his support for the bid depended on other owners of the stock making the first move.

“They’ll get a few acceptances but I’m not sure I’ll be one of them," Kidder Williams managing director David Williams told The Australian Financial Review. “It would be compelling if I saw them pick up 10 per cent of the stock, because with [Solomon Lew] and mine they could get close to 20 per cent, but with just 1 per cent . . . they wouldn’t have any power to enact change."