Cobra sale deadline pushed back again

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According to a statement made to the London Stock Exchange, the business has given Alto Intermediary Group, a company set up by current Cobra chief Steve Burrows, until 15 June 2012 to finalise the financing and other arrangements for its proposed offer.

Cobra previously moved the deadline for a deal from 1 May to 28 May, and then to 7 June.

In the statement Cobra added: “There can be no certainty that any offer will be made for the company. A further announcement will be made when appropriate.”

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