The Turner brothers continued discussions on the future of Feltex over the weekend and say they hope to cement a deal to save the carpet maker within days.
Late last week Graeme and Craig Turner - of the family behind Sleepyhead beds - put in an unconditional bid to Feltex's bank, ANZ.
They agreed to inject $51 million and replace ANZ's loans, which are now approaching $140 million, with those from another bank.
The future of Feltex now depends on whether ANZ accepts the deal.
"In the interests of all parties we would like to see Feltex's future confirmed within the next few days subject only to shareholder approval," said the Turner brothers in a statement.
"We recognise how difficult the past week has been for shareholders, staff, customers and suppliers, and that you all need certainty about the future of Feltex as soon as possible."
Turners aim to finalise Feltex deal
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