After offloading its bank division, H&R Block Inc. is likely to draw takeover interest from private equity. The company sold H&R Block Bank to BofI Holding Inc. subsidiary BofI Federal Bank for an undisclosed price on April 10. As a pure-play business, H&R has the established brand name, widespread branch network and predictable earnings that financial players crave. PE firms like Berkshire Hathaway Inc. and Thoma Bravo LLC are among those that fit that mold.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
