FinTechFunding

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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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