WAYNE, Pa., April 2, 2014 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of SWS Group, Inc. ("SWS" or the "Company") (NYSE: SWS) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Hilltop Holdings Inc. ("Hilltop") for approximately $260 million.
If you own shares of SWS and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/sws. You may also email Mr. Maniskas at email@example.com.
Under the terms of the agreement, SWS shareholders will receive 0.2496 shares of Hilltop common stock and $1.94 of cash, equating to $7.88 per share of SWS common stock based on Hilltop's closing price on March 31, 2014. This is lower than the previous $8 cash per share offer made by Esposito Global.
Our 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.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.rmclasslaw.com.
SOURCE Ryan & Maniskas, LLP