Finance company CML Group has postponed a shareholder meeting scheduled for today, February 5, as it tries to manage a fluid situation involving competing takeover bids.Yesterday the company announced that the Federal Court has approved a postponement, with a new date yet to be set.This follows news in the past week that one of CML's suitors, Consolidated Operations Group, had acquired a 17.4 per cent stake in CML, and that due diligence by the other suitor, Scottish Pacific, was "progressing favourably".CML and COG announced plans to merge last November. COG claims to be Australia's largest asset finance broker and aggregator, with a 17 per cent share. It also provides equipment leasing.CML is a specialist invoice finance and equipment finance provider. It has three wholesale funding facilities worth $397 million.The COG scheme has had the support of the CML board since it was announced, with the parties presenting their merger as a "fully integrated broking and finance platform."COG's offer involves different cash and share options, which imply a scheme consideration of 48 cents a share.However, the indicative and conditional offer from Scottish Pacific, which lobbed in December, is worth 60 cents a share.