H&R Block Calls Off TaxACT Acquisition After Judge Backs DOJ’s Antitrust Action

On the heels of a federal court’s permanent injunction blocking the proposed merger, tax preparation giant H&R Block has called off its acquisition of the maker of TaxACT products, according to a Nov. 15 filing with the Securities and Exchange Commission.

H&R Block said in its Form 8-K filing that it was halting its attempts to pay more than $287.5 million for 2SS Holdings Inc., the maker of TaxACT.

The deal was considered largely dead after the Justice Department succeeded Oct. 31 in obtaining a permanent injunction from the U.S. District Court for the District of Columbia to halt the ...