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 Group” or the “Company”) (NYSE: SWS) and other violations of state law by the board of directors of SWS Group relating to the proposed buyout of the Company by Hilltop Holdings Inc. (“Hilltop”). The firm’s investigation seeks to determine, among other things, whether the board of directors of SWS Group breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed buyout, SWS Group shareholders will receive $7.00 per share in 50% cash and 50% Hilltop common stock for each share of SWS Group common stock they own. According to Yahoo! Finance, at least one analyst following SWS Group has set a target price of $8.00 per share and SWS Group shares have traded as high as $7.87 per share and traded consistently above $7.00 since the announcement of the proposed buyout.
If you currently own common stock of SWS Group and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at email@example.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
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Charles J. Piven, (410) 415-6616