LAS VEGAS-Dubai World subsidiary Infinity World Investments saidMonday its tender offer for up to 14.2 million shares of MGM Miragecommon stock netted it just 348,903 shares. The $84 per-share offerwas made in August, when MGM's share price was in the mid $70s pershare. Since mid-September, the company's has been trading abovethe offer price. In early afternoon trading Monday, MGM shares weretrading at $95.19.

The tender offer was part of a larger transaction between DubaiWorld and MGM Mirage that also included Dubai World acquiring a 50%stake in MGM Mirage's $5.4-billion CityCenter development on theLas Vegas Strip and acquiring 14.5 million shares of MGM Miragecommon stock directly from MGM. Had the tender offer beensuccessful, the result would have been a 9.5% stake in the companyin addition to the CityCenter investment.

Although Infinity World isn't commenting on whether it will doso, the tender offer states that Infinity World may purchaseadditional shares on the open market or through privatenegotiations.