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Hardworking arrow News arrow Business arrow Business arrow H&R Block to sell subprime unit (Reuters)
H&R Block to sell subprime unit (Reuters)
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A view of an H and R Block office in Chicago April 16, 2007. H and R Block Inc. said it agreed to sell Option One Mortgage Corp. to an affiliate of private investment firm Cerberus Capital Management L.P. (John Gress/Reuters)Reuters - H&R Block Inc. said on Friday it will sell its subprime lender Option One Mortgage Corp. to private equity firm Cerberus Capital Management L.P., sending the tax preparer's shares up nearly 9 percent.



Read more at: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20070420/bs_nm/handrblock_takeover_dc.
 
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