The Takeover Panel is expected formally to intervene this week in the bitter battle over the future ownership of Scottish & Newcastle. The brewer is understood to have approached the regulator demanding it issues a "put up or shut up" notice to predators Carlsberg and Heineken. S&N has steadfastly refused to meet for takeover talks with the consortium, which proposed 750p a share but has yet to put a formal offer to the board or shareholders. The involvement of the regulator will ratchet up the pressure in the row and force both sides to consider carefully their next moves. Shares in S&N closed at 726.5p on Friday, valuing the company at £6.9bn. The Sunday Telegraph 16/12/07 (Business) page 3 The Sunday Express 16/12/07 (Financial) page 1 The Sunday Times 16/12/07 7 (Business) page 3.1