Burrows confirms Cobra announcement soon
Steve Burrows, chief executive of Cobra, has said there has been no "formal offer" for Cobra after confirming an approach on 4 July. He told Professional Broking that he is expecting to release a stock market announcement about the interested party formally ending their interest in the insurance group either today or Monday. However, he said the unnamed party could revive their interest at any time.
He also said that he was reducing his acquisition plans and was waiting for prices to drop. Mr Burrows added that the Cobra Network was growing at two a month with around 140 current members.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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