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2025-09-10 21:14
TaskUS (NASDAQ:TASK) said the shareholder vote for its planned $16.50 a share take-private deal has been adjourned until Sept. 24.
The special meeting is being adjourned as, based on a preliminary assessment of votes received by Wednesday, the unaffiliated stockholder vote had not been obtained, according to a statement on Wednesday.
The vote adjournment comes as proxy adviser ISS has said holders should reject the offer and some investors have also said they plan to reject the offer at its current price of $16.50 a share.
The buyer group stated that it's committed to consummating the transaction on the "previously agreed price and terms and refused to revise the terms of the transaction."
Blackstone (NYSE:BX), TaskUs (NASDAQ:TASK) Chief Executive Officer Bryce Maddock, and President Jaspar Weir agreed in May to take private the digital services provider in an all-cash transaction for $16.50 a share.