It dropped its bid for the company on Aug. 12.

Daewoo's future is in doubt because Ford Motor dropped its $6.9 billion bid last week.

Though Genzyme does not want to give up the acquisition, he said it would probably drop its bid or perhaps agree to pay a higher price.

It eventually dropped its bid for Sun when the company agreed to sell Dainippon the division.

The Raleses dropped their hostile bid last week, ending a four-month battle for control of the company.

Hours after that announcement, Hanson dropped his bid and turned to the open market, buying 25 percent of the shares from several arbitragers.

Babeu dropped his congressional bid on May 11, 2012 and instead sought re-election as sheriff.

The group dropped its bid after Gencorp said it would pay $130 a share for 54 percent of its own stock.

Analysts said New World would probably drop its bid.

Mr. Reeves has called on him to drop his bid.