DALLAS, Jan. 10, 2014 /PRNewswire/ -- SWS Group,
Inc. (NYSE: SWS) today confirmed that it received an unsolicited
acquisition proposal from Hilltop Holdings Inc. (NYSE: 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 of Directors
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.
About SWS Group
SWS Group, Inc. is a Dallas-based holding company offering a broad
range of investment and financial services through its
subsidiaries. The Company's common stock is listed and traded on
the New York Stock Exchange under the symbol SWS. SWS Group, Inc.
subsidiaries include Southwest Securities, Inc., SWS Financial
Services, Inc., and Southwest Securities, FSB.
Forward-Looking Statements
This news release contains forward-looking statements. Readers
are cautioned that any forward-looking statements, including those
predicting or forecasting future events or results, which depend on
future events for their accuracy, embody projections or
assumptions, or express the intent, belief or current expectations
of the company or management, are not guarantees of future
performance and involve risks and uncertainties. Actual results may
differ materially as a result of various factors, some of which are
out of the Company's control, including, but not limited to, volume
of trading in securities, volatility of securities prices and
interest rates, liquidity in capital and credit markets,
availability of lines of credit, customer margin loan activity,
creditworthiness of the Company's correspondents, trading
counterparties and customers, demand for housing, general economic
conditions, especially in Texas
and New Mexico, changes in the
commercial lending and regulatory environments and other factors
discussed in the Company's Annual Report on Form 10-K and in the
Company's other reports filed with and available from the
Securities and Exchange Commission.
SOURCE SWS Group, Inc.