INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of SWS GROUP, INC. Buyout Proposal
SMITHTOWN, NY, Jan. 14, 2014 (Business Wire):
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of SWS Group, Inc. (“SWS”) (NYSE: SWS) for possible breaches of fiduciary duties and other violations of law in connection with SWS’s receipt of a proposal to be acquired by Hilltop Holdings Inc. (“Hilltop”) (NYSE: HTH).
Under the terms of the proposal, public stockholders of SWS would receive $7.00 per share in 50 percent cash and 50 percent Hilltop stock for each share of SWS they own in a transaction valued at approximately $231 million.
The investigation concerns whether SWS’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to SWS’s stockholders would be fair and adequate, and whether SWS is acting in its stockholders’ best interests.
If you own SWS common stock, purchased your shares prior to January 10, 2014, and wish to obtain additional information, please contact Joseph R. Beige, Esquire either via email at or by telephone at (631) 231-7725.
Joseph R. Beige, Esquire is an experienced attorney who prosecutes securities class actions, derivative actions, shareholder rights actions, and corporate governance actions on behalf of stockholders.