MILAN, June 16 Shares in Italy's Cobra failed to
start trading on Monday after Vodafone Global Enterprise
said it would offer 1.49 euros a share to buy a majority stake
in the Italian auto security system group.
At 0710 GMT shares in Cobra were indicated at 1.4750 euros
with a theoretical rise of 49 percent.
Cobra's majority shareholder Intek Group said it
had agreed to tender its 51.4 percent stake in Cobra for 74.3
Shares in Intek were indicated at 0.46 euros with a
theoretical increase of 11 percent.
(Reporting by Francesca Landini, editing by Danilo Masoni)