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TaskUs Shareholders Sue Over Allegedly Low Sale Price to Blackstone Group
ByAinvest
Thursday, Aug 28, 2025 3:55 pm ET1min read
Johnson Fistel, a shareholder rights law firm, is investigating the proposed sale of TaskUs, Inc. to Blackstone and TaskUs Co-Founders. The firm believes the board of directors may have breached their fiduciary duties by agreeing to a $16.50 per share cash offer, which is significantly lower than the stock's high of $19.60 over the past year. Shareholders who believe the offer is too low can contact the firm for more information.
Johnson Fistel, PLLP, a renowned shareholder rights law firm, has initiated an investigation into the proposed sale of TaskUs, Inc. to Blackstone and TaskUs Co-Founders. The firm is examining whether the board of directors breached their fiduciary duties by agreeing to a $16.50 per share cash offer, which is significantly lower than the stock's recent high of $19.60 over the past year [1].The investigation follows concerns raised by significant shareholders, including Think Investments, a 10.7% stakeholder in TaskUs. Think Investments has publicly opposed the deal, arguing that the proposed transaction price undervalues the company [2]. The firm believes a fairer price would be around $25.00 per share, more than 50% above the proposed buyout price [2].
Johnson Fistel is encouraging shareholders who believe the offer is too low to contact the firm for more information. The investigation is a reminder of the importance of thorough due diligence and the need for boards to act in the best interests of all shareholders. The firm's investigation underscores the complexity of the proposed deal and the potential implications for minority shareholders.
Shareholders can reach out to Johnson Fistel at [https://www.johnsonfistel.com/investigations/taskus-inc-3](https://www.johnsonfistel.com/investigations/taskus-inc-3) or contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471 for more information.
References:
[1] https://www.marketscreener.com/news/johnson-fistel-investigates-fairness-of-proposed-sale-of-taskus-inc-ce7c50dcdb8cf123
[2] https://www.ainvest.com/news/investments-opposes-taskus-private-transaction-citing-undervaluation-flawed-process-2508/
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