![]() ![]() Nitro has entered into a Process Deed to explore whether a definitive transaction can be agreed on. The proposal won’t necessarily result in a binding transaction being put forward to shareholders. Alludo is also willing to go ahead with an off-market takeover bid with a 50.1 percent minimum acceptance condition, offering $2.00 cash per share. Australian-born PDF and e-signature software company Nitro Software has received an acquisition proposal from Alludo, which owns the CorelDRAW and WinZip brands, and has rejected a bid from Potentia Capital Management.Īlludo has proposed to buy Nitro by way of Scheme of Arrangement at $2.00 cash per share.
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June 2023
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