Alto moves forward with Cobra offer

Steve Burrows

This follows the news that Alto, formed by Cobra chief executive Steve Burrows, had reached agreement on the terms of a recommended £7.3m cash offer for the broker, equal to the closing price of 20p per Cobra share on 28 June 2012.

This offer will remain open for acceptance until 1.00pm on 24 July 2012, and contains notice that Cobra’s board will hold an extraordinary general meeting (EGM) on 19 July 2012.

In a statement to the London Stock Exchange, Cobra said it would recommend that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: