La Caisse Arm Buys Database Firm ISC in $872 Million Deal

The infrastructure arm of Caisse de dépôt et placement du Québec will take Canadian database company Information Services Corp. private in a deal worth C$1.2 billion ($872 million).

Plenary Americas LP said in a statement on Tuesday that it is offering C$51 cash a share to purchase the company. Shares of ISC, which manages land titles and business registrations in Saskatchewan, rose 8.8% in Toronto to C$50.58 as of 10:33 a.m.