Law Firm Brower Piven Announces Investigation of SWS GROUP, INC. Proposed Buyout
January 23 2014 - 1:26PM
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 hoffman@browerpiven.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.
Brower Piven, A Professional CorporationStevenson,
MarylandCharles J. Piven, (410) 415-6616hoffman@browerpiven.com
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