If the main appeal of a company is its takeover potential and no offers materialize, its stock price may fall and give the fund a loss.
Such offers did not materialize, and Trump retains control of the building.
Sunderland opted to buy Norwegian international goalkeeper Thomas Myhre instead, and no other foreign offers materialized.
But the offer never materialized.
If an appropriate offer didn't materialize, he could still return to the Giants on April 1.
The deal includes a 50-day "go shop" provision that allows the company to solicit higher bids, though it warned that such an offer might not materialize.
Yet at a time of easy financing and tax inducements for takeovers, no offer materialized.
Investors yesterday seemed to expect that a higher offer would materialize.
In March Mr. Davis said he was considering at $17-a-share bid for Lorimar, but the offer did not materialize.
During those discussions, an offer on the fight from other bidders materialized: a guarantee of $:7 million - the equivalent of $11-$12 million.
