Associated didn’t reveal any decision on May’s bid.

Directors of Associated Dry Goods met all day to consider two takeover offers by May Department Stores and by late Monday hadn’t reached a decision. May, parent of May Co. California, has given Associated Dry Goods until July 24 to accept its $66-per-share stock swap or the St. Louis retailer will begin buying stock under a $60-per-share tender offer for 51% of Associated’s stock.