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"Bill Holdings. So this is a business payments firm is said to be exploring a sale. The shares are up 12% in pre-market. They have been under pressure from an activist investor starboard value and it's been reported that they are exploring options including a uh sales to perhaps larger industry rivals as well as also considering sales to private equity firms."
Bill Holdings is reportedly exploring a sale, with shares up 12% pre-market amid pressure from activist investor Starboard Value. The company may consider a sale to industry rivals or private equity firms, reflecting ongoing consolidation in the business payments space.
"BILL sell: Turnaround thesis failed. Core revenue growth slowing to 13-15% vs expected 20%. FCF declining despite 14% revenue growth. Valuation at 23x forward FCF no longer attractive. Better to cut losses and redeploy capital to stronger opportunities."
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