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Investing.com -- TaskUs, Inc. (NASDAQ:TASK) stock declined 4% as investors await a stockholder vote on the proposed take-private transaction by Blackstone and company co-founders.
The digital services provider reminded stockholders to vote on the acquisition offer before the special meeting scheduled for October 8, 2025. Under the agreement announced on May 9, 2025, Blackstone and TaskUs co-founders Bryce Maddock and Jaspar Weir plan to acquire all outstanding Class A common shares they don’t already own for $16.50 per share in cash.
Despite discussions with several stockholders since the announcement, the Special Committee of TaskUs’ Board of Directors has maintained its recommendation for shareholders to vote in favor of the transaction. The committee cited AI’s impact on the company’s business and future prospects as factors in their continued belief that the deal serves stockholders’ best interests.
The special meeting has been previously adjourned multiple times, potentially contributing to market uncertainty around the deal’s completion. The Special Committee noted it has not received any non-binding proposals from the buyer group to amend the merger agreement terms to be more favorable to unaffiliated stockholders.
TaskUs provides outsourced digital services and customer experience solutions to innovative companies worldwide. The proposed transaction would take the company private at the offered price of $16.50 per share.
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