The 64-year-old Romney will formally announce his bid for presidency on June 2, AP reported on Thursday.
This comes as Romney formed an exploratory committee last month to adopt a more strategic approach to the current battle for the Republican presidential nomination as compared to three years ago.
"He has spent the last two years meeting lots of grassroots Republicans and has done more fundraising and donated more to state candidates than anyone else," Steve Duprey, a Republican National Committeeman from New Hampshire, said.
Three years ago, Romney tried to run the table of early-voting states, spending millions of dollars in Iowa, New Hampshire and South Carolina.
However,
The didactic
However...
he was edged by former Arkansas governor Mike Huckabee in the Iowa caucuses, and was ambushed by Arizona Senator
John MaverickMcCain
... the Senator-for-Life from Arizona, former presidential candidate and even more former
foot soldier in the Reagan Revolution...
in New Hampshire.
White House hopefuls Mitt Romney and Sarah
Mama GrizzlyPalin
... the babe libs love to hate ...
lead a narrower field of potential rivals for the 2012 Republican Party presidential nomination, according to a poll released on Thursday.
Michele Bachmann, a congresswoman from Minnesota, is also considering entering the race.
Other Republican White House hopefuls include former Minnesota governor Tim Pawlenty and Newt Gingrich, the former speaker of the House of Representatives.