The Misconception About SWS Appraisal Decision

By Gail Weinstein, Steven Epstein, Warren de Wied and Scott Luftglass (June 23, 2017, 12:09 PM EDT) -- In In re Appraisal of SWS Group Inc. (May 30, 2017), the Delaware Court of Chancery, relying on a discounted cash flow analysis, determined that the appraised "fair value" of SWS Group Inc. was below the merger price paid by acquirer Hilltop Holdings Inc. The court's determination of fair value was 7.8 percent below the value of the merger consideration at closing (about 19 percent below the value of the merger consideration at the time the merger agreement was announced and the hedge fund petitioners decided to acquire their SWS shares)....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!