DART GROUP DROPS DAYTON HUDSON <DH> TAKEOVER BID Dart Group Corp <DARTA.O> affiliate Madison Partners said that given current market conditions it has dropped its takeover bid for Dayton Hudson Corp. The company said it sold 1.4 mln of its 4.6 mln shares of Dayton Hudson stock. It said it intends to sell the rest of its Dayton Hudson shares. At current market levels, it would suffer a 70 mln dlr aftertax loss on its holding, a spokesman said. Dart said it will not solicit authorization to call a meeting of Dayton Hudson shareholders. Dart had offered to buy Dayton Hudson for 68 dlrs per share, valuing the Minneapolis based retailer at 6.6 billion dlrs. That offer was rejected by the company. Following the selloff in takeover stocks last week, and the market's decline this week, Dayton Hudson stock closed at 27-1/2 today, off 2-1/2. Dart's holdings amounted to just under five pct of Dayton Hudson. A Dart spokesman said the 1.4 mln shares were sold in the market today.