Urdan Industries (TASE: URDN) is seeking to acquire Feuchtwanger Industries through three companies: Scope Metal Trading (TASE: SCOP) , Ytong (TASE: YPYP) and Polar Investments, TheMarker has learned. The group is offering to lend Feuchtwanger Industries NIS 20 million for working capital, which is to be met by the banks they will also lend the company NIS 20 million, the group suggests. In parallel, the group wants a 6-month option to buy control (45% equity and 65% voting) over the troubled company for another NIS 40 million. The controlling stake is being held by Bank Leumi (TASE: LUMI) . During the option period, the group proposes, legal proceedings to dismantle Feuchtwanger Industries would be suspended. The structure of the proposal has not been finalized, as the full extent of Feuchtwanger Industries' commitments and assets is not known. When legal proceedings against the company were stayed last week, for a 34-day period, its debt to the banks alone stood at NIS 114.5 million. If the group elects against exercising its option to take control of Feuchtwanger Industries, returning the NIS 20 million loan would take precedence over other debts to creditors. The talks are being managed by Urdan's CEO, Shaul Kobrinsky. Urdan is controlled by Leader Holdings & Investments (TASE: LDER ) of the Shrem, Fudim Kelner (TASE: SFK) group. Scope is controlled by Shlomo Shiloh (61%) and Urdan (16%). Ytong is held by Orlite Industries (TASE: ORLI ) (69%) which is controlled by Urdan, which also holds a direct 15.4% interest in Ytong.