Plantro Ltd. announces Tender Offer for up to 15% of Information Services Corporation’s voting shares

Goodmans LLP advised Plantro Ltd. in connection with a Tender Offer involving the acquisition of up to 15% Class A Limited Voting Shares of Information Services Corporation (the “Company”), at a price of $27.25 per Class A Share, payable in cash. This offer is structured as a non-takeover bid under Canadian securities laws and regulations.

The Tender Offer provides shareholders with a unique opportunity to receive cash in a stock that has been highly illiquid for many years. Shareholders also received a premium of approximately 10% to the closing price of the Class A Shares, and an approximately 9% premium to the volume-weighted average price of the Class A Shares on the Toronto Stock Exchange for the ten trading days leading up to the announcement of the Tender Offer.

If the Tendor Offer is approved by the Company’s Board of Directors, each shareholder whose Class A Shares are acquired and paid for will appoint Plantro representatives as its nominees and proxy for the Company’s annual shareholders meeting scheduled for May 13, 2025. 

Plantro Ltd. is a privately-held company with a history of investing in undervalued legal, financial, and information services businesses.