Information Services Corp., a property registry firm, has had offers from Investment Management Corporation of Ontario, Northleaf Capital Partners, the Ontario Municipal Employees Retirement System and Australian firm Queensland Investment Corp., sources told The Globe and Mail. The bids reportedly value the company at up to approximately $1 billion. The company’s market capitalization was $774 million when markets closed Friday. (The Globe and Mail)

Talking point: The takeover bids come as ISC carries out a strategic review, after Plantro—a holding company controlled by former Dye & Durham CEO Matthew Proud—launched an activist campaign against the firm this spring. Plantro proposed cutting ISC’s board from 10 to seven members and replacing four directors with its own nominees. The firm has also offered to buy up to 15 per cent of ISC, a bid the board called “coercive and opportunistic.” While Plantro, a major ISC shareholder, is involved in the strategic review, the Globe reported it hasn’t made an offer to buy the company.