Information Services (ISC.TO), up 8.7% on last look, is being acquired by Plenary Americas for $51.00 cash per class A share, at an enterprise value of $1.2 billion. The transaction is expected to close in the third quarter of this year, the company said in a statement.
The purchase price represents a 55% premium over ISC's closing unaffected share price immediately before the announcement of its strategic review on Sept. 8, 2025.
The Class B Golden Share owned indirectly by the Saskatchewan government through Crown Investments Corporation of Saskatchewan (CIC) will continue to be held by CIC with enhancements and additional benefits after the transaction's close.
ISC said it will maintain its Regina, Saskatchewan, headquarters and operate independently of Plenary Americas' other portfolio investments as a Saskatchewan-based operator of registry and information services. It added the way it serves its customers will not change.
Shawn Peters, president and chief executive of ISC, will continue to lead the company supported by the current ISC senior management team.
ISC shares were last seen up $4.05, to $50.55, on the Toronto Stock Exchange.
Price: $50.55, Change: $+4.05, Percent Change: +8.71%