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H&R Block said its board voted to reject a $72.5 million offer for Compuserve by a group of investors led by the former chief executive officer of the subsidiary, Jeffrey M. Wilkins. He was fired April 29 from his post at Compuserve, a commercial database service, after trying to buy a part of the company for the last six months. Chairman Henry W. Block said, ”Compuserve continues to play a key role in our strategy for corporate growth and profitability.” Wilkins has said that if his offer was rejected, he would seek to enlist the help of institutional holders, which own about 70 percent of H&R Block.
