|[April 08, 2014]
SHAREHOLDER ALERT: Law Firm Brower Piven, A Professional Corporation, Announces the Investigation of SWS Group, Inc. over the Proposed Sale of the Company to Hilltop Holdings Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of SWS Group Inc. ("SWS" or the
"Company") (NYSE: SWS) and other violations of state law by the board of
directors of SWS relating to the proposed buyout of the Company by
Hilltop Holdings Inc. ("Hilltop").
Under the terms of the transaction, SWS shareholders will receive 0.2496
shares of Hilltop common stock and $1.94 in cash for each share of SWS
stock they own, representing a total value of approximately $7.88 per
share. According to Yahoo! Finance, at least one analyst followingSWS
has set a target price of $8.00 per share.
The firm's investigation seeks to determine, among other things, whether
the Company's board of directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into this
transaction, and whether Hilltop is underpaying for SWS shares.
If you currently own common stock of SWS and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616. Attorneys at Brower Piven together
have more than a century of experience litigating securities and other
class action cases.
[ Back To TMCnet.com's Homepage ]