Australia's Potentia wins majority shareholder approval for Nitro bid
Potentia Capital has secured support from more than half of Nitro Software’s shareholders for a take-private bid that values the listed Australian company at up to approximately AUD 552m (USD 370m).
The private equity firm has been pursuing Nitro since August of last year – when it submitted a bid of AUD 1.58 per share – despite being repeatedly rebuffed by the company’s board, seemingly outflanked...
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