Activist Barington Targets Bill Holdings, Pushes for Sale

Activist investor Barington Capital Group has taken a stake in business payments firm Bill Holdings Inc., joining Elliott Investment Management and Starboard Value LP, and is urging the company’s board to explore a sale.

The hedge fund has built a roughly $25 million position and is engaging with the company, according to people familiar with the matter, who asked not to be identified because it’s private.