Nitro Software (ASX:NTO) recommends Potentia takeover offer

Nitro Software (ASX: NTO)  has recommended its shareholders accept a takeover bid (in the absence of a superior proposal) from Potentia Capital Management of $2.17 per Nitro Share (All-Cash Consideration).

The Nitro Board has unanimously determined that this offer is superior to the Alludo Takeover Offer of $2.15 cash per Nitro Share.

The Potentia Takeover Offer is currently open for acceptance until 7:00pm (AEDT) on 31 March 2023 (unless extended or withdrawn).

Following the announcement, shares of Nitro Software were up 0.46%.