Articles tagged "Blucora"
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After major activist arm-twisting, Blucora cashes out of software holding to double down on legacy H.D. Vest broker-dealer unit it bought seven years ago
The $73 billion AUM Dallas firm now has $720 million in cash to pay off debt and put toward turning the old Roger Ochs franchise into a world class wealth manager.
November 4, 2022 at 2:47 AM
As soon as Blucora slams the door on activist investors, a San Francisco-based private equity firm emerges and may put the company in play, according to a report
Despite losing out on its bid to take four board seats, Ancora will keep its shares and may now have heavyweight takeover ally in Golden Gate Capital
April 23, 2021 at 1:38 AM
Former Blucora CEO goes rogue, charges Dallas company's latest 8-K filing contains 'outright untruths,' raising the specter of legal liability to shareholders
Ex-CEO John Clendening slams his former employer for allegedly rewriting history to fend off attack from activist investors.
April 14, 2021 at 1:47 AM
Charges fly as $8 billion RIA tries to upend $83 billion Blucora board alleging mismanagement
Ancora CEO Fred DiSanto buys 3.4% of Blucora stock and declares war on board over 'negative returns, rash acquisitions, and chronic C-suite turnover.'
March 24, 2021 at 4:14 PM
John Clendening tells analyst who asks about Bob Oros's H.D. Vest departure: 'You can read into that whatever you want to.'
Blucora's CEO was evasive but, for sure, his firm's shares plunged near 40% in the past month after its IBD revenues ticked up only 6%; Oros may never have moved to Texas from Boston CEO
October 31, 2018 at 11:21 PM
Schwab's former retail chief ends garden leave with two new gigs -- as chief of HD Vest holding company, and as Betterment CEO's operations confidante
John Clendening is now CEO of Blucora and a director at Betterment -- and a new resident of Bellevue. Wash.
April 12, 2016 at 9:58 PM
Dissecting Blucora's giant act of financial engineering -- adding a broker-dealer to a software roll-up
M&A expert Bill Ruckelshaus' Bellevue company is paying $580 million for H.D. Vest, a crazy price by some measures but not if 5.5 million existing Blucora customers can be cross-sold
