(Reuters) - It will depend on the value of Option One's tangible net assets when the deal closes, expected to happen in H&R Block's quarter ended October 31. Cerberus will pay the value of those assets -- $1.27 billion as of January 31 -- less $300 million, H&R Block said.
H&R Block will also have the option of selling some Option One assets before the deal closes.
Read more at Reuters.com Mergers News
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