Key Developments: Hilltop Holdings Inc (HTH.N)

HTH.N on New York Stock Exchange

21.64USD
11 Jul 2014
Price Change (% chg)

$0.14 (+0.65%)
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$21.50
Open
$21.55
Day's High
$21.65
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$21.48
Volume
71,034
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$25.59
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$15.48

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Latest Key Developments (Source: Significant Developments)

Hilltop Holdings Inc announces agreement to acquire SWS Group, Inc
Tuesday, 1 Apr 2014 07:00am EDT 

Hilltop Holdings Inc:Enters into definitive merger agreement providing for the merger of SWS Group with and into Hilltop Holdings.SWS shareholders will receive per share consideration of 0.2496 shares of Hilltop common stock and $1.94 of cash, equating to $7.88 per share based on Hilltop's closing price on March 31.Expected to be completed prior to the end of 2014.Stephens Inc. acted as financial advisor to Hilltop, and Wachtell, Lipton, Rosen & Katz acted as legal advisor.Sandler O'Neill & Partners, L.P. acted as financial advisor to the Special Committee of the SWS Board of Directors, and Davis Polk & Wardwell LLP acted as legal advisor.  Full Article

SWS Group Inc confirms receipt of unsolicited acquisition proposal from Hilltop Holdings Inc
Friday, 10 Jan 2014 09:56am EST 

SWS Group Inc:Says it confirmed that it received an unsolicited acquisition proposal from Hilltop Holdings In to acquire the outstanding common stock that Hilltop does not already own for $7.00 per share in 50 pct cash and 50 pct Hilltop common stock.  Full Article

Hilltop Holdings Inc proposes to acquire SWS Group, Inc. for $7.00 per share
Friday, 10 Jan 2014 07:00am EST 

Hilltop Holdings Inc:Says it has submitted a written proposal to the SWS Group, Inc. Board of Directors to acquire all of the outstanding shares of SWS that it does not already own for $7.00 per share in 50% cash and 50% Hilltop common stock.  Full Article

Hilltop Holdings Inc Acquires Edinburg, TX-Based First National Bank
Friday, 13 Sep 2013 07:37pm EDT 

Hilltop Holdings Inc announced that its subsidiary, PlainsCapital Bank, has entered into a purchase and assumption agreement with the FDIC to assume substantially all of the liabilities and purchase substantially all of the assets of Edinburg, TX-based First National Bank. The transaction is structured as a whole bank purchase and assumption agreement with loss share coverage. PlainsCapital Bank assumed all deposits and will open all branches during normal business hours under its name. Based on April 19, 2013 balances of First National Bank, PlainsCapital Bank purchased at book value approximately $2.6 billion of assets and assumed approximately $2.4 billion of liabilities. Under the terms of this transaction, PlainsCapital Bank assumed all deposits and did not pay a deposit premium to the FDIC. PlainsCapital Bank bid an asset discount of $260 million. This transaction is expected to be immediately accretive to earnings. Wachtell, Lipton, Rosen & Katz served as legal counsel to Hilltop Holdings and PlainsCapital Bank.  Full Article

Hilltop Holdings Inc Completes Acquisition of PlainsCapital Corp
Monday, 3 Dec 2012 07:00am EST 

Hilltop Holdings Inc announced that it has completed its acquisition of PlainsCapital Corp. PlainsCapital Corp is now a wholly owned subsidiary of Hilltop. Based on Hilltop`s closing market price of $14.29 as of November 30, 2012, the total value of the consideration for the acquisition was approximately $700 million. Stephens Inc. served as financial advisor to Hilltop, and Wachtell, Lipton, Rosen & Katz served as legal advisor. JPMorgan Securities LLC served as financial advisor to PlainsCapital Corporation, and Sullivan & Cromwell and Haynes & Boone served as legal advisors.  Full Article

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