ISC advises shareholders to reject Plantro Ltd.'s undervalued "Mini-tender" offer

From GlobeNewswire: 2025-04-06 21:00:00

ISC cautions shareholders against Plantro Ltd.’s coercive “Mini-tender” offer to take control without a premium. Plantro, reportedly led by Matthew Proud, undervalues ISC with an offer of $27.25 per share. The offer seeks to exploit market volatility and sidestep takeover bid laws. ISC will explore options to protect shareholders from this backdoor power grab. Shareholders are urged not to tender shares and can seek support from Kingsdale Advisors. The offer is seen as opportunistic and lacks transparency, with troubling connections to Matthew Proud. ISC is focused on doubling revenue and EBITDA by 2028 and will resist Plantro’s attempt to gain control without proper compensation.



Read more at GlobeNewswire: ISC Recommends Shareholders DO NOT TENDER to Plantro’s