An earlier MT Newswires story incorrectly stated that SWS Group
) had accepted a $265 million buyout offer from Esposito Global.
The story should have stated that Esposito notified SWS' board that
it was prepared to make an $8 per share cash offer for SWS. SWS
confirmed it received the unsolicited offer and is reviewing
Top Financial Stocks
Financial stocks were mostly higher, with the NYSE Financial
Sector Index gaining 0.7% and the S&P Financial 100 Index
adding about 0.2%.
In company news, shares of SWS Group Inc. (
) touched a 42-month high Tuesday after the regional brokerage and
financial services received an unsolicited $8 per share cash offer
from Esposito Group.
SWS said later on Tuesday it is reviewing the offer.
In other sector news,
(+) SIVB, (+2.0%) Raised to Strong Buy from Outperform at
(-) NHI, (-2.5%) Normalized adjusted funds from operations rise
$0.03 over year-ago levels to $0.82 per share, trailing the Capital
IQ consensus by $0.06 per share. Revenue grows 26.6% year over year
to $32.8 mln, topping Street view by almost $1.1 mln.
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