Cobra extends offer deadline again
Cobra has extended the deadline for its takeover offer for the fifth time.
In a statement to the London Stock Exchange the company’s board said it was continuing to co-operate with Alto Intermediary Group, a business formed by the current Cobra chief executive Stephen Burrows.
Cobra said that Alto had received credit approval for its funding but that any offer remained subject to the satisfaction of various conditions precedent which are still being addressed.
The original deadline for a takeover offer was 1 May 2012. This has been extended numerous times, intially to
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