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” or the “Company”) (NYSE: SWS) and other violations of state law by the board of directors of SWS relating to the proposed buyout of the Company by Hilltop Holdings Inc. (“Hilltop”). Under the terms of the transaction, SWS shareholders will receive 0.2496 shares of Hilltop common stock and $1.94 in cash for each share of SWS stock they own, representing a total value of approximately $7.88 per share. According to Yahoo! Finance, at least one analyst following SWS has set a target price of $8.00 per share. The firm’s investigation seeks to determine, among other things, whether the Company’s board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Hilltop is underpaying for SWS shares. If you currently own common stock of SWS and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at email@example.com or by telephone at (410) 415-6616. Attorneys at Brower Piven together have more than a century of experience litigating securities and other class action cases.
More from Press Releases
NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling
The Supreme Court rules that previous congressional action forbidding states from legalizing sports betting was unconstitutional.
Walmart CEO: 'We Are Transforming Globally' With Flipkart
On its investor call on Wednesday morning, Walmart discusses the Flipkart deal.
March 24 Full-Day Course Offering: Professional Approach to Trading SPX
OptionsProfits, the CBOE, and Option Pit are hosting a class on March 24 that covers a wide variety of methods to trade the S&P 500.