NTO nitro software limited
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News: NTO Nitro Software Says Unanimously Recommends Shareholders Reject Alludo Takeover Offer

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    02/03/23
    11:50
    Post #: 66558688

    March 2 (Reuters) - Nitro Software Ltd (NTO) :

    • UNANIMOUSLY RECOMMENDS SHAREHOLDERS REJECT THE ALLUDO TAKEOVER OFFER
    • DETERMINED ALL-CASH CONSIDERATION UNDER POTENTIA OFFER OF A$2.17/SHARE IS SUPERIOR TO ALLUDO TAKEOVER OFFER OF A$2.15 CASH/SHARE
    • HAS TERMINATED ALLUDO IMPLEMENTATION DEED & MUST NOW PAY ALLUDO TARGET BREAK FEE OF A$5.0 MILLION
    • NITRO BOARD UNANIMOUSLY RECOMMENDS THAT NITRO SHAREHOLDERS ACCEPT POTENTIA TAKEOVER OFFER
    • ALLUDO TAKEOVER OFFER IS EXPECTED TO LAPSE ON MARCH 3
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