03-Sep-2008
Story Timeline: 80 days
H&R Block (NYSE:HRB) announced today it has signed a definitive agreement to acquire the operator of its franchise units in Texas, Oklahoma and Arkansas for approximately $278 million in cash. In fiscal year 2008, H&R Block Houston LLC and a group of related companies (“Block Texas”) served approximately 760,000 clients and had system-wide revenues of more than $140 million. Because of the age of the Block Texas...
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