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Nitro Software: Receives proposal for boosted takeover offer from Potentia | Fintech InShorts: Latest fintech news, analysis by experts

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Nitro Software: Receives proposal for boosted takeover offer from Potentia

By Steve Sam

February 7, 2023

Nitro Software Receives proposal for boosted takeover offer from Potentia

Nitro Software (NTO) receives proposal for boosted takeover from Potentia Capital of between $2.20 to $2.30 per Nitro share, granted satisfactory due diligence
The company has urged shareholders the Potentia takeover offer holds no certainty and reaffirms its stance that investors should accept the Alludo takeover offer
Alludo confirmed its offer of $2.15 per Nitro share is its “best and final” offer and will not be increased
Nitro has sought advice from external financial and legal advisors to assess if the latest proposal from Potentia, could become a superior proposal to Alludo’s offer
Shares in NTO are trading grey at $2.15 per share at 3:02 pm AEDT

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