Rest assured, the Nitro Board is very focused on what is best for all shareholders. Nitro now has in place a binding agreement with the KKR-backed Alludo that provides for a strict regime under which the company must comply with.
If Potentia wants to submit a "superior proposal,” then Nitro would most likely also offer them due diligence subject to any response from Alludo in relation to the value of its proposal to acquire Nitro.
The Revised Potentia Proposal in its current form does not offer Nitro Shareholders any specific improved value for their shares, nor any detail as to the nature or terms of a potential scrip offer.
Nitro is not allowed to solicit new offers from Potentia or others. The onus is on the likes of Potentia to put forward such offers as they see fit.
Regards, Office of the Chairman and CEO | Nitro
NTO Price at posting:
$2.10 Sentiment: Hold Disclosure: Held
