Buyout firm Potentia Capital has hit back in the battle for ASX-listed Nitro Software, increasing its offer to $2 a share and saying it could go higher following a look at the company’s books.
The increased offer, finalised on Thursday night, would have no minimum acceptance condition, not be subject to a shareholder vote, no FIRB or regulatory hurdles and would be available for Nitro Software shareholders to accept almost immediately.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
