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TaskUs delays shareholder vote on take-private deal
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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.

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