May. 9 at 12:38 PM
$TASK $BX
More info:
TaskUs to be acquired by co-founders, Blackstone for
$16.50 per share in cash
TaskUs (TASK) announced it has entered into a definitive agreement to become a privately held company. Under the terms of the agreement, an affiliate of Blackstone (BX), TaskUs co-founder and CEO Bryce Maddock and TaskUs co-founder and President Jaspar Weir will acquire 100% of the outstanding shares of Class A common stock they do not already own for
$16.50 per share in an all-cash transaction. This represents a premium of approximately 26% to TaskUs' 30-day volume-weighted average price.
Upon completion of the transaction, the company's Class A common stock will no longer be listed on any public market. Maddock and Weir will continue to serve in their roles as CEO and president, respectively. The TaskUs board of directors has approved the transaction upon the unanimous recommendation of a special committee of independent directors. The special committee was formed on March 20, in response to interest expressed by the buyer group in exploring a possible transaction. The transaction is expected to close in the second half of 2025, subject to customary closing conditions and approvals, including the receipt of required regulatory and stockholder approvals.
