SHIP owning and investment holding company Continental Mariner Investment is mounting a takeover bid for Lolliman Holdings that values the property and investment vehicle at up to $849.46 million. Continental Mariner yesterday confirmed it was in talks with the controlling shareholders of Lolliman tabling a proposal that may result in the acquisition of a package of shares that would trigger a general cash offer. According to Continental, the price will be pitched at between 60 cents and 70 cents a share. Based on an issued capital registered in April of 1.21 billion shares, this values Lilliman at $849.46 million. The share price has soared over the past two weeks. On June 8 it closed at 60 cents and just five trading days later had gone to an all-time high of $1.53.