Shareholder Revolt Puts Taskus Buyout in Jeopardy

The proposed acquisition of Taskus by Blackstone and company founders has encountered significant resistance, transforming what was expected to be a straightforward transaction into a contentious battle. A crucial shareholder vote has now been postponed, casting serious doubt on the deal’s prospects as dissenting investors challenge the consortium’s firm $16.50 per share offer.

Acquisition Vote Delayed Amid Investor Opposition

A special meeting scheduled to vote on the takeover has been unexpectedly pushed to September 24th. This delay stems from the acquiring group’s failure to secure the necessary majority support from independent shareholders. Prominent investment firms, including Murchinson Ltd., are leading the opposition, contending the bid significantly undervalues the company and demanding a minimum of $19 per share. The influential proxy advisory firm ISS has also recommended shareholders reject the current proposal.

Should a majority of minority shareholders vote against the deal, several outcomes are possible. Taskus could continue to operate as an independent public entity, the Blackstone-led consortium might return with an improved bid by December 10th, or the company’s board may explore alternative strategic options. The negotiation deadlock highlights a significant gap in valuation expectations.

Should investors sell immediately? Or is it worth buying Taskus?

Growing Skepticism Among Market Experts

The prevailing uncertainty is influencing analyst sentiment. Morgan Stanley recently downgraded Taskus from “Overweight” to “Equal-weight,” simultaneously reducing its price target from $21 to $16.50. The current consensus price target sits at $16.88, accompanied by a “Hold” recommendation. This growing caution exists despite the company’s fundamentally strong operational performance.

Robust Fundamentals Contrast With Market Turmoil

Paradoxically, Taskus continues to deliver exceptional financial results amidst the acquisition turmoil. The company’s second-quarter 2025 report revealed a substantial 23.6% surge in revenue, dramatically outpacing the meager competitor growth average of just 2.57%. Even more impressive was a 59.13% explosion in net income, with a net margin of 6.82% that exceeds many industry peers.

Despite this operational strength, the stock remains highly sensitive to merger speculation. Technical analysis indicates the shares are showing overbought signals while maintaining an upward trend that began in May. The postponed September 24th vote will now serve as a critical inflection point, determining not only the stock’s short-term direction but the long-term future of the entire enterprise.