Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Feb. 27, 2:13 PM
| This Slide: #56 of 100 |
Slide #56. Franchise Group, Inc. — American Freight Group, Inc.
Acquirer:
Franchise Group, Inc. (NASDAQ:FRG)
Acquiree:
American Freight Group, Inc.
Details:
Franchise Group, Inc. (NASDAQ: FRG) ("Franchise Group" or the "Company"), today announced the completion of its previously announced acquisition of American Freight Group, Inc. ("American Freight"), a retail chain offering brand-name furniture, mattresses and home accessories at discount prices.
Franchise Group is a holding company. Through its subsidiaries, Co. is engaged as a franchisor and operator of a system of income tax preparation offices located in the United States and Canada. Co. also facilitates refund-based tax settlement financial products, such as Refund Transfer products and personal income tax refund discounting. Co. also provides online tax preparation services. Co.'s tax settlement products: refund transfer products, which involves direct deposit of the customer's tax refund into a newly established temporary bank account in the customer's name and refund-based loans, which provides digital online tax services.
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Avg. Broker Rec.
 
|
Hold (2.00 out of 4) 3rd percentile
(ranked lower than approx. 97% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
