Overview
- Plenary Americas, owned by Quebec pension manager CDPQ, agreed to acquire Information Services Corp. for $51 per share in cash, valuing the Regina company at about $1.2 billion.
- ISC’s board and a special committee recommended that shareholders approve the sale, and government‑appointed directors abstained from the decision.
- The deal is subject to court and regulatory approvals, aims to close in the third quarter of 2026, and ISC expects to delist from the Toronto Stock Exchange after closing.
- Locked‑up investors holding 29.5% of shares, including Saskatchewan’s Crown Investments Corporation, have pledged to vote in favor of the transaction.
- Plenary committed to keep ISC’s Regina headquarters, and the agreement includes break fees of $55 million if ISC accepts another bid and $66 million if Plenary does not complete the deal.