H&R Block Inc. (HRB), the largest U.S. tax preparer, said in a regulatory filing Tuesday that it has agreed to terminate the merger agreement to buy 2SS Holdings Inc., the maker of TaxACT. digital do-it-yourself tax preparation software. after a U.S. court issued a permanent injunction blocking the deal.
In October 2010, H&R Block agreed to buy 2SS Holdings in a deal valued at $287.5 million. In May 2011, the U.S. Department of Justice filed a civil antitrust lawsuit in the United States District Court in Washington, D.C. to block the merger. On October 31, 2011, the United States District Court granted the DOJ's motion for a permanent injunction.
H&R Block said Tuesday that it does not expect to incur any early termination penalties as a result of the termination of the merger agreement.
H&R Block shares are currently trading at $15.94, up 33 cents or 2.11%.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.