Armed officers and a helicopter were called after reports of a man brandishing two large knives near a Bucks school.
Despite the significant police presence, officers were unable to find the man who is also said to have thrown cans of alcohol resulting in minor injuries.
Investigating officers believe that this incident started outside The Happy Shopper on Serpentine Court near the Sir Herbert Leon Academy in Bletchley with officers being called at 11.25am yesterday (April 15).
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The man is described as a white male, stocky build and was seen wearing a white t-shirt but later seen bare-chested.
A Thames Valley Police spokesman said: "No arrests have yet been made and we do not believe that there is any ongoing risk to local residents.
"We are aware that our officer presence in the area may have caused some disruption to members of the public and we would like to thank them for their patience.
"If anyone has any information we would ask them to call 101 quoting reference 43220162191.
"You can also report information via our online webform or anonymously through Crimestoppers."
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