Towergate withdrawal leaves Cobra boss Stephen Burrows as only bidder for broker
Towergate has pulled out of buying troubled AIM-listed broker Cobra, leaving the way clear for Alto, the buyout venture backed by Cobra boss Stephen Burrows, pictured.
Towergate said: "After careful consideration, Towergate has decided not to proceed with an offer for Cobra."
Cobra said: "Talks are continuing with Alto Intermediary Group, which may or may not lead
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