KKR-owned Canadian software company Alludo has struck again in the duel for local Adobe Acrobat competitor Nitro, gazumping private equity firm Potentia Capital’s upgraded offer.
The takeover target has been in play since August, when Potentia signalled its interest in the company and the Nitro board rejected its unsolicited $1.58-a-share proposal.
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Yolanda Redrup is the co-editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
