SAN DIEGO and DALLAS,
Jan. 13, 2014 /PRNewswire/
-- Shareholder rights attorneys at Robbins Arroyo LLP are
investigating the proposed acquisition of SWS Group, Inc. (NYSE:
SWS) ("SWS") by Hilltop Holdings, Inc. (NYSE:HTH) ("Hilltop").
On January 10, 2014, Hilltop
submitted a written proposal to the board of directors of SWS to
acquire all of the outstanding shares of SWS that Hilltop does not
already own for $7.00 per share in
50% cash and 50% Hilltop common stock.
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Is the Proposed Acquisition Best for SWS and Its
Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board
of directors at SWS is undertaking a fair process to obtain maximum
value and adequately compensate SWS shareholders. Specifically, the
investigation concerns whether the SWS board will conduct an
adequate auction process in order to maximize shareholder value,
due to the close relationship between both companies. Not only does
Hilltop currently own 24% of SWS common stock, but Hilltop's
Chairman, Gerald J. Ford, is a
member of the SWS board of directors. Moreover, Hilltop's President
and Chief Executive Officer, Jeremy B.
Ford, was made a non-voting observer to the SWS board.
Given these facts, Robbins Arroyo LLP is examining whether the
SWS board of directors will appropriately consider the proposal
from Hilltop at arm's length or whether they are seeking to benefit
themselves rather than allow shareholders to continue to
participate in the company's continued success and future growth
prospects.
SWS shareholders have the option to file a class action lawsuit
to ensure the board of directors obtains the best possible price
for shareholders and the disclosure of material information.
SWS shareholders interested in information about their rights and
potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003,
ddonahue@robbinsarroyo.com, or via the shareholder information form
on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
securities litigation and shareholder rights law. The law
firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1
billion of value for themselves and the companies in which
they have invested.
Attorney Advertising. Past results do not guarantee a
similar outcome.
Contact: Darnell R. Donahue
Robbins Arroyo LLP
ddonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
SOURCE Robbins Arroyo LLP