Article: JACKSON HEWITT TO SELL SHARES STOCK OFFERING COMES IN THE WAKE OF A STRONG FINANCIAL PERFORMANCE FOR THE FISCAL YEAR.(BUSINESS)

Byline: TOM SHEAN, STAFF WRITER\

VIRGINIA BEACH -- The tax-preparation service Jackson Hewitt Inc. is scheduled to tap the stock market Thursday for capital to finance an expansion drive and reduce its dependence on borrowed funds.

A planned offering of one million new common shares could raise about $18 million for the Virginia Beach-based company. The stock will be priced Wednesday evening and offered Thursday, said Scott & Stringfellow Inc., one of two securities firms managing the underwriting.

Jackson Hewitt already has 5.2 million common shares, which are traded in the Nasdaq National Market System under the ticker symbol JTAX. Its shares ...

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