Nitro Software: Receives proposal for boosted takeover offer from Potentia

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