Hilltop Holdings Inc (HTH)

[Enterprising Investor]

SWS Stockholders Approve Merger with Hilltop Holdings Inc. (11/21/14)

DALLAS, Nov. 21, 2014 /PRNewswire/ -- SWS Group, Inc. (NYSE: SWS) ("SWS" or the "Company") announced that, at the Company's special meeting of stockholders held today, a majority of the outstanding shares of SWS common stock voted to approve the adoption of the merger agreement with Hilltop Holdings Inc. ("Hilltop"). The transaction is expected to close by the end of 2014.

"We are pleased with the outcome of today's special meeting, and I want to thank SWS stockholders for their support," said James H. Ross, President and CEO of SWS. "We look forward to completing the merger with Hilltop expeditiously and expect a seamless transition."

More than 75 percent of the votes cast were in favor of approving the merger agreement, which represented approximately 69 percent of the outstanding shares of SWS Group common stock at October 3, 2014, the record date for the special meeting. Upon completion of the transaction, SWS stockholders will receive per share consideration of 0.2496 shares of Hilltop common stock and $1.94 of cash.

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.

http://www.prnewswire.com/news-releases/sws-stockholders-approve-merger-with-hilltop-holdings-inc-283494491.html