H&R Block (HRB) Announces Commencement of $1.5B Common Stock 'Modified Dutch Auction' Tender
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H&R Block (HRB) Announces New Capital Structure, Approves $3.5B Common Stock Buyback
September 1, 2015 4:04 PM EDTH&R Block (NYSE: HRB) announced that it has successfully closed its transaction to divest H&R Block Bank, selling certain assets and transferring certain liabilities, including all of its deposits, to BofI Federal Bank ("BofI") a full month earlier than expected. At the time of the closing, the bank made a one-time cash payment to BofI of approximately $419 million, which is approximately equal to the carrying value of the liabilities (including all deposit liabilities) assumed by BofI. The bank merged into its parent company, surrendered its bank charter, and... More
