Morningstar

TaskUs Shares Fall After Holders Reject Take-Private Deal

Provided by Dow Jones Oct 8, 2025, 8:12:00 PM

By Stephen Nakrosis

Shares of TaskUs were trading lower, following news shareholders rejected a deal which would have seen the provider of outsourced digital services taken private.

In May, TaskUs said it would, with shareholder approval, be taken private by a buyer group which included company executives and an affiliate of Blackstone.

TaskUs said at a special meeting it didn't receive enough shareholder votes to carry out the planned deal. TaskUs doesn't plan to convene another special meeting, and expects to terminate the proposed transaction, the company said.

Just before the closing bell, shares were trading 12.8% lower at $14.89. Shares opened at $15.50 and were trading as high as $16.49 earlier in the session. Volume topped 2.8 million shares, above the stock's 65-day average volume of 339,563.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

October 08, 2025 16:12 ET (20:12 GMT)

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