Cobra takeover deadline extended for Alto

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In a statement to the London Stock Exchange, Cobra said the deadline, which was previously set as no later than 5.00pm on 28 May 2012, had been changed “in order to enable Alto to complete its financing and other arrangements”.

The business added: “There can be no certainty that any offer will be made for the Company. A further announcement will be made when appropriate.”

The deadline for offerors to announce a firm intention to make an offer for Cobra had been extended once before, from 1 May

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