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13.11.2013 17:37:00
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Moody's: Bank sale by H&R Block still likely and could trigger further share repurchases
New York, November 13, 2013 -- The sale of H&R Block Bank would be credit negative for Block Financial LLC, ushering in a return to shareholder-friendly financial policies, Moody's Investors Service says in a new report, "Block Financial LLC: Expected Bank Sale to Trigger Renewed Share Repurchase Activity." Despite the termination of Block's agreement to sell the bank to Republic Bancorp Inc. in October, Moody's believes the company will find a new buyer as soon as it can.
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