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Breeden Wants Seats on H&R Board

Stock quotes in this article: HRB , APPB  

Updated from 1:44 p.m. EDT

H&R Block(HRB Quote) jumped 4% Wednesday on news that activist hedge fund Breeden Partners is looking to add three people to the tax-services provider's board.

The Greenwich, Conn.-based investment firm said in a regulatory filing that it intends to nominate its founder -- former Securities and Exchange Commission Chairman Richard Breeden -- and two others as directors at H&R Block's annual shareholder meeting in early September.

Breeden Partners and its affiliated investment funds, which are managed by Breeden Capital Management, own 6 million shares, or 1.86%, of the Kansas City, Mo., company. ...

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