TaskUs Shareholder Plans to Oppose Blackstone Acquisition
ByAinvest
Tuesday, Aug 26, 2025 12:52 pm ET1min read
BX--
Think Investments' opposition marks the second public dissent against the deal. Toronto-based Murchinson Ltd. previously expressed concerns, advocating for a minimum price of $19 per share. TaskUs was trading broadly flat at $17.32 on Tuesday, giving the company a market value of around $1.6 billion [2].
The deal, struck in May, represented a roughly 26% premium to TaskUs' 30-day volume-weighted average price. However, Think Investments argues that the buyer group has "cherrypicked" public comparables to support its offer price, potentially understating the company's implied valuation. The investor also points out that Capgemini SE's recent acquisition of WNS Holdings Ltd. came with a higher valuation despite having a lower growth profile [1].
TaskUs' board of directors' special committee is set to hold a vote on the deal on September 10. Think Investments, managing assets of $3 billion, holds about 23% of the unaffiliated vote, making its opposition a significant factor in the deal's approval [2].
References:
[1] https://news.bloomberglaw.com/esg/taskus-holder-think-to-vote-against-blackstone-take-private
[2] https://www.bloomberg.com/news/articles/2025-08-26/taskus-holder-think-to-vote-against-blackstone-take-private
TASK--
Think Investments, a 10.7% stakeholder in TaskUs, plans to vote against the company's sale to Blackstone for $16.50 a share, citing that it "substantially undervalues" the company. Think believes a fairer price should be considered. The sale is currently pending and has been agreed upon by TaskUs' board of directors.
San Francisco-based Think Investments has announced its intention to vote against the proposed take-private deal of TaskUs Inc. by Blackstone Inc. Think, which holds approximately 10.7% of TaskUs' shares, believes the offer to buy out TaskUs at $16.50 per share is "substantially undervalued." The firm suggests a more reasonable price would be $25 per share, stating that the transaction would prevent minority shareholders from realizing TaskUs' potential value creation [1].Think Investments' opposition marks the second public dissent against the deal. Toronto-based Murchinson Ltd. previously expressed concerns, advocating for a minimum price of $19 per share. TaskUs was trading broadly flat at $17.32 on Tuesday, giving the company a market value of around $1.6 billion [2].
The deal, struck in May, represented a roughly 26% premium to TaskUs' 30-day volume-weighted average price. However, Think Investments argues that the buyer group has "cherrypicked" public comparables to support its offer price, potentially understating the company's implied valuation. The investor also points out that Capgemini SE's recent acquisition of WNS Holdings Ltd. came with a higher valuation despite having a lower growth profile [1].
TaskUs' board of directors' special committee is set to hold a vote on the deal on September 10. Think Investments, managing assets of $3 billion, holds about 23% of the unaffiliated vote, making its opposition a significant factor in the deal's approval [2].
References:
[1] https://news.bloomberglaw.com/esg/taskus-holder-think-to-vote-against-blackstone-take-private
[2] https://www.bloomberg.com/news/articles/2025-08-26/taskus-holder-think-to-vote-against-blackstone-take-private
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet