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Intuit Rises After Selling Financial Unit: San Francisco Mover

Intuit Inc. rose the most in more than two months after private-equity firm Thoma Bravo LLC agreed to buy the small-business software maker’s financial-services unit for $1.025 billion in cash.

Shares of Intuit advanced 3.5 percent to $63.15 at the close in New York, the biggest gain since April 26. Mountain View, California-based Intuit, which makes financial and tax-preparation software for small businesses and consumers, plans to use the proceeds to buy back shares, the company said in a statement today.