BUZZ-BILL Holdings jumps after report firm exploring options, including potential sale** Shares of financial automation software company BILL Holdings BILL.N jump 16% to $54 after the bell
** BILL is exploring options, including a potential sale, Bloomberg News reports, citing people familiar with the matter
** Company is working with a financial adviser to solicit interest from larger industry rivals as well as private equity firms, report says
** BILL did not immediately respond to a Reuters request for comment
** Activist investor Starboard owns an 8.5% stake in BILL, while Elliott Investment Management has a roughly 5% stake in the company
** Up to last close, BILL shares down 45% YTD
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.