INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of SWS Group, Inc. Buyout Proposal
SMITHTOWN, NY, April 1, 2014:
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’ agreement to be acquired by Hilltop Holdings Inc. (“Hilltop”) in a transaction valued at approximately $260 million.
Under the terms of the agreement, public shareholders of SWS would receive 0.2496 shares of Hilltop common stock and $1.94 in cash for each share of SWS they own. Based on Hilltop’s closing stock price on March 31, 2014, SWS shareholders would have received consideration valued at approximately $7.88 per share.
The investigation concerns whether SWS’ Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to SWS’ stockholders would be fair and adequate, and whether SWS is acting in its stockholders’ best interests.