(Reuters) - April 20 - H&R Block Inc. , the largest U.S. tax preparer, agreed to sell its subprime lender Option One Mortgage Corp. to an affiliate of Cerberus Capital Management L.P., and said it is closing the unit's H&R Block Mortgage Corp.
The cash purchase price will be the value of the tangible net assets of the business at the date of closing, less $300 million. As of Jan. 31, the tangible net assets of Option One were $1.27 billion, the company said in a statement.
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