Deadline for Cobra bids extended
The deadline for potential bidders for the Cobra Group has been extended until the end of May.
The extension gives the two potential bidders, Towergate and Alto (a vehicle set up by Cobra chief executive Stephen Burrows, pictured) four weeks to make a formal offer for the group.
The previous deadline for firm bids was today.
Towergate has indicated that it would make a cash offer for the business thought to be in the region of 18p per share which values the company at around the £6.5m mark.
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