BILL shares are trading lower following a report suggesting the company is nearing a deal to acquire Melio Payments. Following the report, the company said it is not pursuing any such acquisition at this time.
Portfolio Pulse from Benzinga Newsdesk
Shares of Bill.com (BILL) are trading lower following a report suggesting the company is nearing a deal to acquire Melio Payments. However, the company has denied such acquisition plans.
November 09, 2023 | 3:56 pm
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Bill.com's stock price is trading lower due to rumors of an acquisition of Melio Payments, which the company has denied.
The rumor of Bill.com acquiring Melio Payments has led to a decrease in the company's stock price. However, the company has denied such acquisition plans, which could potentially stabilize the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100