ISS recommends TaskUS investors reject proposed deal to take company private

Taskus

28/08/2025 21:53

NEW YORK, Aug 28 (Reuters) - Institutional Shareholder Services on Thursday urged TaskUS TASK.O investors to reject a plan proposed by investment firm Blackstone BX.N and two of TaskUS' co-founders to take the outsourcing company that handles content moderation private.

"There does not appear to be a compelling reason to accept the terms," the influential proxy advisory firm wrote in its recommendation which was seen by Reuters. Shareholders are scheduled to vote on September 10.

ISS argues the offer made by Blackstone and Bryce Maddock and Jaspar Weir in May to pay $16.50 to take the company private "may have represented a premium at announcement, but it appears that the unaffected price is not the most appropriate reference point for value at this stage." The stock closed at $17.40 on Thursday.

 (Reporting by Svea Herbst-Bayliss; editing by Diane Craft)

 ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))