Seeking Alpha

H&R Block gets out of the banking business, sells unit to Bofl

  • H&R Block (HRB) +7.3% AH after agreeing to sell its banking unit to BofI Federal Bank (BOFI) for an undisclosed price, in a move that takes the tax preparation company out of the banking sector and away from the Fed's oversight.
  • HRB expects the deal to dilute FY 2015 EPS by $0.07-$0.09, and expects to incur one-time transaction related charges of $0.01/share in FY 2014 and $0.02-$0.03 in FY 2015.
  • BOFI +10.1% AH.
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Comments (2)
  • Kimer62
    , contributor
    Comments (253) | Send Message
     
    Kerrisdale getting squeezed BIG time tonight and tomorrow!
    10 Apr 2014, 07:04 PM Reply Like
  • remy1234
    , contributor
    Comments (42) | Send Message
     
    So this is or isn't the transaction Greenwich claimed would require a 200 million capital raise?
    10 Apr 2014, 08:12 PM Reply Like
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