Stirling Cooke might be up for sale

April was yet another disastrous month for Stirling Cooke Brown Holdings as its share price fell by 60 per cent and KPMG Peat Marwick resigned as its auditor after just two years.
The company also announced it planned to hire a financial adviser to “explore ways to boost shareholder value”, a move which often signals that a company is considering putting itself up for sale.