A long running dispute between members of the Cayzer shipping dynasty and Caledonia Investments, the Scottish fund manager it part owns, is set to be resolved as shareholders prepare to buy the family's stake in the firm.

Sir James Cayzer last year led a rebellion of minority shareholders including other members of his family who wanted to break up the group. The Cayzer Trust Company owns 37.7% of Caledonia. The family and its supporters claimed Caledonia had underperformed and that its shares traded at too big a discount to the value of its assets.