	cyclops cyl says dixons agreements binding cyclops corp said that as it has already stated its agreements with dixons group plc are binding and dixons will not rescind or waive any provisions of the agreements the company said its agreement to merge into dixons does not permit it to provide nonpublic information to cy which is making a competing offer for cyclops that had been provided to dixons it said other provisions dixons will not waive include its rights to recover breakup fees or expenses from cyclops or buy cyclops common shares from cyclops cyclops noted that dixons waiver of rights to breakup fees or the purchase of common stock directly from cyclops and the provision of nonpublic information to cy are conditions to cy s increased dlr per share offer to uire cyclops shares dixons is tendering for cyclops shares at dlrs a share yesterday citicorp cci with audio video affiliates inc ava an owner of cy said it had offered to uire from dixons after the merger of cyclops into dixons cyclops industrial businesses for mln dlrs more than alleghany corp y is currently scheduled to pay for them citicorp said yesterday that its proposal would allow dixons to raise its tender price to dlrs per share citicorp said if dixons accepted the proposal cy would terminate its competing offer for cyclops reuter 
