Bill Holdings Stock (BILL) Jumps as Activist Pressure Spurs Sale Talks
Shares of Bill Holdings surged 14% in after-hours trading following reports the expense management software provider is exploring a potential sale. Activist investors Starboard Value and Elliott Investment Management, holding significant stakes, are pushing for strategic moves to enhance shareholder value.
The company's market cap has dwindled to $4.2 billion amid a 45% stock decline in 2025, pressured by smaller rivals offering cost-effective solutions to SMBs. A board overhaul in October signals readiness for transformative action.