News: NTO Nitro Software Enters Binding Legal Deal With Cascade Parent , Trading As Alludo

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