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A subsidiary of Sioux Falls, S.D.-based Meta Financial Group Inc. ($2.28 billion) agreed to buy substantially all of the assets of Fort Knox Financial Services Corp. for about $50 million, to be paid half in stock and half in cash.
Fort Knox is a provider of tax refund transfer software used by independent electronic return originators. According to a July 16 press release, it processes more than 1 million refund transfers per year. Under the deal, substantially all of the assets...