SWS Group, Inc. Merger Litigation (NYSE: SWS)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of SWS Group, Inc. - SWS
BALA CYNWYD, April 2, 2014 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of SWS Group, Inc. (“SWS” or the “Company”) (NYSE –SWS-News) relating to the proposed acquisition by Hilltop Holdings, Inc. (“Hilltop”).
Under the terms of the transaction, SWS shareholders will receive only $1.94 in cash and 0.2496 shares of Hilltop common stock, for each share of SWS stock they own. The transaction values SWS stock at approximately $7.88 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of SWS for not acting in the Company’s shareholders' best interests in connection with the sale process as Hilltop beneficially owns 24% of SWS common stock and it has been reported that the Company had recently received an $8.00 bid that was rejected. In addition, the transaction may undervalue the Company as an analyst has set a $8.00 per share price target on SWS stock and SWS stock traded at $8.19 as recently as February 20, 2014.
If you own shares of SWS common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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