Think Investments LP, a long-term investor holding approximately 23% of TaskUs's minority shares, issued a presentation outlining its strong opposition to the proposed take-private transaction. The firm believes the acquisition price of $16.50 per share significantly undervalues the company.
Think Investments asserts that the fair value for TaskUs shares is $25.00 per share, basing its estimate on relevant precedent transactions, appropriate public peer comparisons, and the company's recent operating outperformance. The firm intends to vote against the transaction.
The presentation also highlighted a perceived flawed sale process, suggesting that the fairness opinion was designed to justify an artificially low purchase price. Think Investments underscored the significant upside potential for TaskUs shareholders, particularly from embracing AI, which would be forfeited if the deal closes at the current price.
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