02:22 PM EDT, 09/05/2025 (MT Newswires) -- (Updates with the latest stock move in the first paragraph and headline.)

Bill Holdings ( BILL ) shares were up about 10% in recent Friday trading after the company said activist investor Starboard Value, which has built an 8.5% stake in the company, intends to mount a campaign to seek changes in its board.

The investor plans to nominate director candidates and has engaged with Bill, with expectations to continue discussions with its management and the board, according to a regulatory filing.

Bill said its management has talked with Starboard's representatives since the firm recently contacted the company about its investment. "We intend to engage with Starboard to understand their views as we do with other shareholders," Bill said in a statement.

Price: 51.23, Change: +4.54, Percent Change: +9.72