Deals
H&R Block May Draw Merger Proposal, Liberty CEO Says
This article is for subscribers only.
H&R Block Inc., the biggest U.S. tax preparer, may get a merger proposal from closely held Liberty Tax Service, according to Liberty founder John Hewitt. The stock rose as much as 5.5 percent.
The decline in H&R Block’s stock through last week under Chairman Richard Breeden makes the Kansas City, Missouri-based firm attractive, Hewitt said today in a phone interview. Eroding market share and declining revenue have helped push the market value below $4.7 billion and spurred a member of the founding Bloch family to leave.