Brief: Blucora To Become Avantax, A Pure-Play U.S. Independent Broker-Dealer And Investment Advisor

Avantax

01/11/2022 11:15

Nov 1 (Reuters) - Blucora Inc  BCOR.O :
    * BLUCORA TO BECOME AVANTAX, A PURE-PLAY LEADING U.S.
INDEPENDENT
BROKER-DEALER AND INVESTMENT ADVISOR THAT PROVIDES TAX-FOCUSED
WEALTH MANAGEMENT SOLUTIONS
    * BLUCORA INC - HAS ENTERED INTO DEFINITIVE AGREEMENT TO
SELL TAX
SOFTWARE BUSINESS FOR $720 MILLION IN CASH
    * BLUCORA INC - COMPANY TO STREAMLINE OPERATIONS AND REBRAND
AS
AVANTAX AFTER CLOSING OF TAXACT TRANSACTION
    * BLUCORA INC - EXPECTS TRANSACTION TO DELIVER AFTER-TAX NET
CASH
PROCEEDS OF APPROXIMATELY $620 MILLION

Source text for Eikon:  ID:nGNX2Hch5M 
Further company coverage:  BCOR.O 
 ((Reuters.Briefs@thomsonreuters.com;))