U.S. tax preparer H&R Block Inc said it would sell some assets and transfer certain liabilities to BofI Federal Bank. The company expects the net impact of the transaction to be dilutive by about 7-9 cents per share beginning in fiscal 2015, H&R Block said.
H&R Block, Inc. (H&R Block) through its subsidiaries provides tax preparation and banking services. Shares of HRB fell by 2.6% or $-0.76/share to $28.42. In the past year, the shares have traded as low as $25.98 and as high as $32.42. On average, 3069400 shares of HRB exchange hands on a given day and today's volume is recorded at 2671710.
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