LawFuel.com – Davis Polk is advising the special committee of the board of directors of SWS Group, Inc. in connection with an unsolicited acquisition proposal from Hilltop Holdings Inc. to acquire the outstanding common stock that Hilltop does not already own for $7.00 per share. The special committee will carefully evaluate Hilltop’s unsolicited proposal and make a recommendation to the board of directors of SWS Group.
SWS Group is a Dallas, Texas-based holding company offering a broad range of investment and financial services through its subsidiaries. Hilltop Holdings is a Texas-based diversified financial holding company specializing in banking, mortgage origination, financial advisory and insurance through its wholly owned subsidiaries, PlainsCapital Corporation and National Lloyds Corporation.
The Davis Polk corporate team includes partners George R. Bason Jr. and William L. Taylor and associate Michael Crowley. Partner Antonio J. Perez-Marques and associate George D. Turner are providing litigation advice. All members of the Davis Polk team are based in the New York office.