Tax Return on 03 Nov 2008 06:00 am
H&R Block Completes Sale of H&R Block Financial Advisors and Acquisition of Major Southwest Franchise (Marketwire via Yahoo! Finance)
H&R Block, Inc. today announced that it completed the sale of H&R Block Financial Advisors to Ameriprise Financial, Inc. The sale transaction was previously announced August 12, 2008, and involved a purchase price of $315 million prior to adjustments. The Company received a purchase price of approximately $312 million, and total cash proceeds are approximately $360 million including repayment …
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