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Under City rules, Zurich was given until 5pm on Tuesday to lodge a bid or walk away for at least six months.
While the club has yet to lodge a bid, Edin Dzeko's expected sale to Roma may lead City to put in a formal offer.
United are yet to lodge a bid for the 18-year-old left-back and though a move is possible this week, the Premier League champions will need to outbid the west London side substantially if they are to secure the player's services.
"We spoke to Wigan beforehand and made it clear Peter was not for sale, but they still proceeded to lodge a bid - which has been flatly rejected.
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The company lodged a bid of $13.10 a share.
WPP has lodged a bid for the customer data company that created the Tesco clubcard.
Cardiff have already lodged a bid for the midfielder Josh Vela but, as the 22-year-old is not thought to be one of the club's higher earners, there is no immediate pressure on Bolton to cash in.
Meanwhile in his St Andrews office, Alex McLeish was not only refusing to confirm or deny that he'd lodged a bid for Sunderland striker Kenwyne Jones, but also refusing to confirm or deny that he was actually Alex McLeish or that the room he was talking from was an office.
Media is one major focus for Alibaba, vice chairman Joe Tsai admitted after it lodged a bid for Youku Tudou, China's largest video portal.
The SFA has lodged a bid with Uefa to host group matches for Euro 2020, which will be staged across a number of European cities, and recently extended the lease on Hampden to incorporate its bid.
As the clock ticked down to the deadline of 5pm on Thursday for Carillion to lodge a formal bid or walk away, the FTSE 250 listed company announced it was no longer pursuing a merger with Balfour Beatty.
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