|
|
Article: HFS Inc. Buys Tax-Preparation Firm Jackson Hewitt for $480 Million.(Originated from The Virginian-Pilot, Norfolk, Va.)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 20, 1997
- Author:
CopyrightCOPYRIGHT 1997 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
VIRGINIA BEACH, Va.--Nov. 20--Jackson Hewitt Inc., the tax-preparation service based in Virginia Beach, said Wednesday that it agreed to become part of a major provider of lodging and real estate brokerage services for $480 million in cash.
The offer from Parsipanny, N.J.-based HFS Inc. works out to about $68 for each of Jackson Hewitt's shares.
News of the agreement propelled the price of Jackson Hewitt's shares to a record high of $67.25 in heavy trading in the Nasdaq National Market. The stock closed at $66.94 -- a gain of $15.44, or 23 percent, for the day.
HFS was attracted to Jackson Hewitt by its rapid expansion in a highly ...
Related newspaper, magazine, and journal articles:
|
|
Article: Jackson Hewitt Tax Service holds Annual Meeting.
Business Wire;
March 8, 1996 ;
583 words
... ... annual meeting for Jackson Hewitt Inc. (NASDAQ ... held yesterday in Virginia Beach, Va. John T ... President and CEO of Jackson Hewitt, announced the ... location. CONTACT: Jackson Hewitt Tax Service, Virginia Beach Martha O'Gorman ...
|
|