financetom
Business
financetom
/
Business
/
TaskUs delays shareholder vote on take-private deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TaskUs delays shareholder vote on take-private deal
Sep 24, 2025 3:24 PM

Sept 24 (Reuters) - TaskUs ( TASK ) on Wednesday

postponed a shareholder meeting to vote on a take-private offer

from investment firm Blackstone and the company's

co-founders, stating that the delay would allow more time to

solicit shareholder support for the deal.

The outsourcing company, headquartered in Texas, provides

online services such as content moderation to customers in

industries including e-commerce, food delivery, streaming media

and healthcare.

The meeting, originally scheduled for September 10, has been

rescheduled to October 8, 2025.

The all-cash transaction, announced in May, values the

company at $16.50 per share.

However, last month, Institutional Shareholder Services

(ISS) recommended that investors reject the proposal, noting

opposition from major shareholders Murchinson and Think

Investments, who argue the offer undervalues the company.

Shares of TaskUs ( TASK ) closed at $18.03 on Wednesday.

ISS recommendations on mergers, proxy fights and other

transactions are closely watched and often influence investor

voting decisions.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Form 8.3
Form 8.3
Nov 24, 2025
BOSTON--(BUSINESS WIRE)--   Ap27 FORM 8.3 IRISH TAKEOVER PANEL OPENING POSITION DISCLOSURE/DEALING DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE 1. KEY INFORMATION (a) Full name of discloser Weiss Asset Management LP (Investment Manager of Brookdale International Partners, L.P. and Brookdale Global Opportunity...
NeuroSense Therapeutics Cleared by FDA to Initiate Phase 3 Trial for PrimeC to Treat ALS
NeuroSense Therapeutics Cleared by FDA to Initiate Phase 3 Trial for PrimeC to Treat ALS
Nov 24, 2025
10:27 AM EST, 11/24/2025 (MT Newswires) -- NeuroSense Therapeutics ( NRSN ) said Monday it has been cleared by US Food and Drug Administration to begin a phase 3 trial for PrimeC to treat amyotrophic lateral sclerosis. The company aims to enroll its first patient in the coming months. The trial is expected to be conducted in the US and...
Williams-Sonoma sues Quince over sales of 'dupe' products
Williams-Sonoma sues Quince over sales of 'dupe' products
Nov 24, 2025
(Reuters) -Williams-Sonoma ( WSM ) sued Quince , a retailer sometimes known as a dupe company, accusing it of misleading consumers by selling similar-looking but inferior products and selling them for less. According to a complaint filed on Friday night, Quince engages in false advertising by depicting specific beds, cookware, duvet covers, rugs and other products that Williams-Sonoma ( WSM...
Diversified Energy Completes Canvas Energy Acquisition
Diversified Energy Completes Canvas Energy Acquisition
Nov 24, 2025
Diversified Energy Completes Canvas Energy Acquisition BIRMINGHAM, Ala., Nov. 24, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company ( DEC ) (“Diversified” or the “Company”) announces the closing of its previously announced, accretive acquisition of Canvas Energy (“Canvas”), which adds complementary operated producing properties and acreage positions in Oklahoma (the “Assets”, together with Canvas, the “Acquisition”). In conjunction, the Company closed...
Copyright 2023-2026 - www.financetom.com All Rights Reserved