BILL Holdings shares jump 40.70% intraday amid reports Hellman & Friedman in acquisition talks.

BILL Holdings surged 40.70% intraday after reports emerged of potential acquisition talks with private equity firm Hellman & Friedman. Multiple news items highlighted that Hellman & Friedman had engaged in discussions to acquire the payments firm, with some indicating a 30-32% stock jump following these rumors. The surge followed a strong Q2 earnings report, which showed core revenue growth and beat estimates, but the acquisition speculation was the primary catalyst. The stock’s sharp intraday gain aligns with the heightened investor speculation around a possible buyout, as Hellman & Friedman’s involvement and the company’s recent earnings performance combined to drive aggressive price action.