Amid rumors of potential H&R Block sale, analysts weigh in

Two research analysts — noticing a recurrent rumor Friday that H&R Block may be looking for a buyer — said Monday that the idea of a sale makes sense even if it doesn’t happen.

The Kansas City-based tax preparation company has struggled recently, especially during the tax season that ended last April. That means the company’s stock price has slumped, and that makes H&R Block ripe for rumors and maybe even bidders.

One rumor last week claimed that sources inside H&R Block said the company was looking for a buyer, and another cited sources close to the matter.

Shares of H&R Block jumped 52 cents Friday to close at $24.56, a 2.1 percent gain. It gave up nearly half that gain Monday, falling 25 cents to close at $24.31.

An H&R Block spokesman said Monday that the company does not comment on speculation or rumor.

Read more: Kansas City Star


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