SWS Group confirms receipt of unsolicited proposal from Hilltop Holdings

theflyonthewall.com

SWS Group (SWS) confirmed that it received an unsolicited acquisition proposal from Hilltop Holdings (HTH) to acquire the outstanding common stock that Hilltop does not already own for $7.00 per share in 50% cash and 50% Hilltop common stock. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, SWS Group's board will review the proposal to determine the course of action that it believes is in the best interests of the company and its stockholders. The SWS Group board will make its recommendation to stockholders in due course. SWS Group stockholders are advised to take no action at this time.

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