"

Estimated reading time: 0 minutes, 32 seconds

Court Blocks Block Purchase of TaxAct

Tuesday, Nov 01 2011
News
Written by 

hr block logoH&R Block suffered a big setback this week as a federal judge has halted its purchase of 2SS Holdings, the owner of the TaxAct tax preparation software line. The U.S. Justice Department had opposed the deal, arguing that it would violate anti-trust laws. Just over a year ago, Block agreed to buy the smaller company for $287.5 million in cash.

Judge Beryl Howell of the U.S. District Court for the District of Columbia has granted a permanent injunction that prevents the transaction from being consummated. Block did not respond to a request for comment on the action and issued no public statement about the court's ruling.

 

 

Read 3940 times
Rate this item
(0 votes)
More in this category: « Clifton Gunderson, LarsonAllen to Merge XCM, eFileCabinet Working on Integration »
The Progressive Accountant

Latest from The Progressive Accountant

Visit other PMG Sites:
Template Settings
Theme

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Link Color
Text Color

Header

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5

Footer

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5
Layout
Select layout
Menu
Select menu
Typography
Google Font
Body Font-size
Body Font-family
Direction
Reset
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline