Plantro Ltd. completes Tender Offer and Information Services Corporation activist campaign

Goodmans LLP advised Plantro Ltd. in connection with its all-cash tender offer to acquire class A limited voting shares in the capital of Information Services Corporation (“ISC”) at a price of $30 per Class A Share. This offer was structured as a non-takeover bid under Canadian securities laws and regulations.

Following the completion of the tender offer, Plantro owns a total of 580,863 Class A Shares, representing approximately 3.13% of ISC’s issued and outstanding Class A Shares. The tender offer provided shareholders with a unique opportunity to receive cash in a stock that has been highly illiquid for many years.

Further to the tender offer, Plantro campaigned for meaningful renewal of the long-tenured Board and for the Board to commence a strategic review of ISC, which was ultimately agreed upon by ISC who will commence a process to review its strategic alternatives, including a sale of the entire company, with the support of the Crown Investments Corporation of Saskatchewan.

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