La Caisse Arm Buys ISC for C$1.2 Billion, Taking Database Firm Private
Updated
Updated · Bloomberg · May 19
La Caisse Arm Buys ISC for C$1.2 Billion, Taking Database Firm Private
1 articles · Updated · Bloomberg · May 19
C$51 a share in cash values Information Services Corp. at C$1.2 billion ($872 million) in a buyout by the infrastructure arm of Caisse de dépôt et placement du Québec.
Plenary Americas LP announced the offer Tuesday for ISC, a Canadian database company that manages land titles and business registrations in Saskatchewan.
ISC shares rose 8.8% in Toronto to C$50.58 by 10:33 a.m., leaving the stock just below the cash offer price as investors weighed the deal.
This deal pays shareholders a 55% premium, but what is the hidden long-term cost for Saskatchewan residents?
Can a 'Golden Share' truly safeguard Saskatchewan's critical land data now that it's in private hands?
As pension funds buy essential services, are citizens' rights being converted into financial assets for investors?