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Nitro Software gets sweetened bid from top shareholder Potentia

Nitro Software gets sweetened bid from top shareholder Potentia
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By Reuters
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- Australia's Nitro Software Ltd said on Friday it got a higher A$2 per share offer with a scrip alternative from private equity firm Potentia Capital, matching a rival bid from KKR Inc's Alludo.

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Nitro said it would consider the offer from Potentia, its biggest shareholder with a 19.8% stake, without providing additional details.

Nitro, a PDF and e-signature software signing company, backed a near A$500 million offer from Alludo in October.

Alludo did not immediately respond to a Reuters request for comment.

($1 = 1.4771 Australian dollars)

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