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Australia's Nitro Software backs KKR-owned Alludo's $335m takeover offer

Australia's Nitro Software backs KKR-owned Alludo's $335m takeover offer

REUTERS/Brendan McDermid

Australia’s Nitro Software said on Tuesday its board had determined the near A$500 million ($335 million) offer from KKR Inc’s Alludo to be “superior” to an earlier bid from major shareholder Potentia Capital Management.