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Plantro's Controversial Mini-Tender Offer for ISC Shares Rejected
Plantro Ltd. made a mini-tender offer for up to 15 percent of ISC's Class A shares at $27.25 each, a 10 percent premium, which ISC called "coercive" and rejected, citing concerns about Plantro's attempt to gain board control without paying a control premium and the precedent this bid sets.
Plantro's Controversial Mini-Tender Offer for ISC Shares Rejected
Plantro Ltd. made a mini-tender offer for up to 15 percent of ISC's Class A shares at $27.25 each, a 10 percent premium, which ISC called "coercive" and rejected, citing concerns about Plantro's attempt to gain board control without paying a control premium and the precedent this bid sets.
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