Nov 18 (Reuters) - Nitro Software Ltd (NTO) : REVISED POTENTIA...

Nov 18 (Reuters) - Nitro Software Ltd (NTO) :

• REVISED POTENTIA PROPOSAL
• RECEIVED A CONFIDENTIAL, CONDITIONAL AND NON-BINDING PROPOSAL FROM POTENTIA CAPITAL
• POTENTIA BELIEVES DUE DILIGENCE INFORMATION MAY ENABLE IT TO MEET OR EXCEED ALLUDO CASH OFFER PRICE OF A$2.00 PER SHARE
• POTENTIA ALSO STATES IT IS WILLING TO VARY ITS OFFER BY OFFERING SCRIP TO NITRO SHAREHOLDERS
• CURRENT POTENTIA TAKEOVER OFFER OF A$1.80 CASH PER SHARE NOT AFFECTED BY REVISED POTENTIA PROPOSAL
• NITRO BOARD CONTINUES TO RECOMMENDS THAT NITRO SHAREHOLDERS REJECT AND TAKE NO ACTION IN RELATION TO POTENTIA OFFER
• SCRIP WOULD FACILITATE NITRO SHAREHOLDER ROLLOVER INTO AUSTRALIAN PUBLIC COMPANY THAT WILL BE PART OF POTENTIA'S BIDDING GROUP