AvidXchange Approves Merger with Arrow Merger Sub
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AvidXchange Holdings (AVDX) has announced that stockholders approved its merger with Arrow Merger Sub 2025, Inc. on September 16, 2025. This merger will make AvidXchange a wholly owned subsidiary of TPG Global, LLC affiliates, reflecting strong shareholder support. The latest analyst rating for AVDX is a Hold with a $10.50 price target. Spark's AI Analyst rates AVDX as Neutral, highlighting strong revenue growth but cautioning about profitability and cash conversion efficiency. AvidXchange specializes in financial technology, offering accounts payable and payment automation solutions.
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