	dixons says citicorp to withdraw cyclops offer dixons group plc said it received a letter on march from citicorp capital investors ltd part of the cy investor group making a rival bid for cyclops corp cyl proposing to drop the group s offer if dixons would sell cyclops industrial businesses to citicorp cy s main equity investor appears ready to pull out and deal directly with us for merely part of the company said dixons it raises questions as to the strength of their consortium and the purpose of their offer dixons also said a u s federal court had refused a request by counsel for cy audio video affiliates inc ava and a shareholder plaintiff to prevent dixons from completing its tender offer for cyclops it also said the court refused to require cyclops to provide cy with confidential information previously provided to dixons on friday cy corp an investor group led by audio video affiliates and citicorp raised their offer for cyclops to dlrs per share from dlrs per share if certain conditions were satisfied last week dixons said it won out over rival bidders for cyclops after getting pct of cyclop s oustanding with a dlr or mln dlr tender offer that expired march on friday dixons agreed to reopen its tender offer until march wednesday dixons today called cy s higher dlr a share offer for cyclops highly conditional reuter 
