06:00 AM EDT, 06/04/2025 (MT Newswires) -- Plantro, a privately held company, overnight Tuesday announced completion of its all-cash tender offer to acquire class A limited voting shares in the capital of Information Services Corporation ( IRMTF ) at a price of $30 per Class A share.
In connection with the completion of the tender offer, Plantro will take up and pay for Class A Shares that have been validly tendered and not withdrawn within three business days. Following the take up and payment for such Class A Shares, Plantro will own a total of 580,863 Class A Shares, representing approximately 3.13% of the company's issued and outstanding Class A Shares.
In a statement Plantro said it is "pleased to have provided participating ISC shareholders an opportunity to receive liquidity and certainty of value for their Class A Shares. Plantro intends to remain an engaged shareholder, hold the ISC board of directors to account, and to continue to take actions to unlock value for the benefit of all shareholders."