Hilltop Holdings Inc (HTH)

[Enterprising Investor]

Hilltop Holdings and SWS Group Announce Expected Closing Date for Pending Merger (12/16/14)

DALLAS, Dec. 16, 2014 /PRNewswire/ -- SWS Group, Inc. (NYSE: SWS) ("SWS") and Hilltop Holdings Inc. (NYSE: HTH) ("Hilltop") today jointly announced the receipt of all regulatory approvals required to proceed with the merger of SWS with and into a subsidiary of Hilltop. The companies expect that the transaction will be completed on or about December 31, 2014.

As previously announced, on November 21, 2014, a majority of the outstanding shares of SWS common stock voted to approve the adoption of the merger agreement with Hilltop. 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 Hilltop Holdings
Hilltop Holdings is a Dallas-based financial holding company. Through its wholly owned subsidiary, PlainsCapital Corporation, a regional commercial banking franchise, it has three operating subsidiaries: PlainsCapital Bank, PrimeLending, and First Southwest. Through Hilltop Holdings' other wholly owned subsidiary, National Lloyds Corporation, it provides property and casualty insurance through two insurance companies, National Lloyds Insurance Company and American Summit Insurance Company. At September 30, 2014, Hilltop employed approximately 4,400 people and operated approximately 400 locations in 45 states. Hilltop Holdings' common stock is listed on the New York Stock Exchange under the symbol "HTH." Find more information at Hilltop-Holdings.com and PlainsCapital.com.

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/hilltop-holdings-and-sws-group-announce-expected-closing-date-for-pending-merger-300010724.html