Hansen, Mueller Industries director, sells $105,710 in stock
TaskUs, Inc. (NASDAQ:TASK) announced Thursday that it has mutually agreed with Breeze Merger Corporation to terminate their proposed merger agreement, effective immediately. The decision follows a special meeting of TaskUs stockholders held Wednesday, during which the proposal to adopt the merger agreement did not receive the necessary approval from shareholders. The news has impacted the stock significantly, with InvestingPro data showing a 14% decline over the past week.
The merger agreement, originally dated May 8, 2025, outlined plans for Breeze Merger Corporation to merge with and into TaskUs, with TaskUs continuing as the surviving entity. The agreement also detailed ownership arrangements involving BCP FC Aggregator L.P., various Maddock and Weir family trusts, and other holders of continuing shares.
With the stockholders voting against the merger proposal, both TaskUs and Breeze Merger Corporation entered into a termination agreement on Thursday. According to a statement from the company, the termination is effective immediately and includes a mutual release of all claims related to the merger agreement and its contemplated transactions. No termination fee will be paid by either party.
Additionally, the termination of the merger agreement resulted in the automatic termination of related voting and support agreements that had been established on May 8, 2025, between TaskUs and parties including BCP FC Aggregator L.P., Bryce Maddock and associated trusts, and Jaspar Weir and associated trusts.
TaskUs, headquartered in New Braunfels, Texas, provides outsourced digital services and customer experience solutions. The company’s Class A common stock is listed on The Nasdaq Stock Market under the symbol TASK.
This article is based on a statement released in a filing with the U.S. Securities and Exchange Commission.
In other recent news, TaskUs, Inc. announced that its stockholders have rejected the proposed acquisition by an affiliate of Blackstone and the company’s co-founders. The digital services provider stated that it does not plan to hold another special meeting and expects to terminate the transaction agreement, meaning TaskUs will remain publicly traded on the Nasdaq. Previously, TaskUs had reminded stockholders to vote on the acquisition offer of $16.50 per share before the scheduled special meeting. The company had adjourned its special meeting twice in an attempt to secure additional votes for the proposed buyout. Despite these efforts, TaskUs did not obtain the necessary majority approval from unaffiliated shareholders. The proposed acquisition by Blackstone and TaskUs co-founders had been announced earlier in the year, with plans to acquire all outstanding Class A common shares they did not already own. TaskUs had been actively seeking votes in favor of the transaction, but the required support was not achieved.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.