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In late October, the company took on an offer from Alludo at A$2.00 per share, which it said was an 11% premium to tech-focused private equity firm Potentia’s offer of A$1.80 per share.
Nitro in a statement said it has asked its shareholders to back the North-America based Alludo scheme and accept it, on the condition that no new superior offer prevails.
The company expects to hold a shareholders meet related to the Alludo offer in March 2023.
Potentia could not be immediately reached for a comment.
($1 = 1.4930 Australian dollars)
