Australia’s Nitro Software said on Monday that it would back a near A$500 million ($320.15 million) offer from KKR Inc’s Alludo that trumps an earlier bid from major shareholder Potentia Capital Management.
Alludo made the bid early Monday at A$2.00 per share, which it said was an 11% premium to Potentia’s revised offer of $A1.80 per share.
