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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sat., Jul. 11, 6:08 AM

Slide #38. Blucora, Inc. HK Financial Services

Acquirer: Blucora, Inc. (NASDAQ:BCOR)
Acquiree: HK Financial Services
Details: Blucora, Inc. (NASDAQ: BCOR), a provider of data and technology-driven tax software and wealth management solutions that empowers people to improve their financial wellness, today announced it closed the acquisition of HK Financial Services ("HKFS"), a fast-growing, CPA-focused registered investment advisor ("RIA"), for an upfront purchase price of $100 million (the "HKFS Acquisition").

Blucora is a provider of technology-enabled financial solutions. Co. has two reportable segments: Wealth Management and Tax Preparation. The Wealth Management business consists of the operations of Avantax Wealth Management, which provides tax-focused wealth management solutions for financial advisors, tax preparers, certified public accounting firms, and their clients and is a tax-focused independent broker-dealer. The Tax Preparation business consists of the operations of TaxAct, Inc., which provides digital do-it-yourself tax preparation solutions for consumers, small business owners and tax personnel through its website www.TaxAct.com.

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Company Name:  Blucora, Inc.
Stock buyback:  BCOR buyback
Website:  www.blucora.com
Sector:  Application Software
Number of ETFs Holding BCOR:  43
Total Market Value Held by ETFs:  $115.05M
Total Market Capitalization:  $540.00M
% of Market Cap. Held by ETFs:  21.31%
 

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July 11, 2020    6:08 AM Eastern
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