07:53 AM EDT, 04/07/2025 (MT Newswires) -- Information Services (ISC.TO) on Monday recommended that its shareholders not tender their stock in a mini-tender by Plnatro, an offshore entity reportedly controlled by Matthew Proud, the former chief executive of Dye & Durham (DND.TO).

ISC said its special committee concluded that the mini-tender is an "opportunistic and highly aggressive" attempt to acquire up to 15% of its Class A limited voting shares while securing proxy control over the majority of the company without paying a control premium or being subject to the safeguards of a formal takeover bid.

The mini-tender offer of $27.25 per share, which expires on April 11, is well below the target share price of independent analysts, the statement noted. The shares closed on Friday at $26.00.