NTO nitro software limited
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News: NTO Nitro Software Says Got Unsolicited Non-Binding Indicative Proposal From Potentia Capital...

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    31/08/22
    11:05
    Post #: 63428989

    Aug 31 (Reuters) - Nitro Software Ltd (NTO) :

    • RECEIVED AN UNSOLICITED, HIGHLY CONDITIONAL AND NON-BINDING INDICATIVE PROPOSAL FROM POTENTIA CAPITAL MANAGEMENT
    • PROPOSAL TO ACQUIRE 100% OF ISSUED SHARE CAPITAL OF NITRO AT A$1.58 CASH PER NITRO SHARE
    • BOARD UNANIMOUSLY REJECTS INDICATIVE PROPOSAL AS NOT BEING IN BEST INTERESTS OF SHAREHOLDERS
    • CONCLUDED INDICATIVE PROPOSAL SIGNIFICANTLY UNDERVALUES NITRO
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