Nov 15 (Reuters) - Nitro Software Ltd (NTO) :
- TODAY ENTERED INTO A BINDING LEGAL AGREEMENT WITH CASCADE PARENT LIMITED, TRADING AS ALLUDO
- IN DEAL VALUE OF A$2.00 CASH PER SHARE
- ALLUDO TO ACQUIRE 100% OF NITRO BY WAY OF A SCHEME OF ARRANGEMENT (SCHEME) AT A PRICE OF A$2.00 CASH PER SHARE
- NITRO BOARD HAS DETERMINED ALLUDO TRANSACTION TO BE SUPERIOR TO POTENTIA OFFER OF A$1.80 CASH PER SHARE
- NITRO BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS VOTE IN FAVOUR OF ALLUDO SCHEME AND ACCEPT ALLUDO TAKEOVER OFFER