Beverly Hills 12/2/2009 8:49:06 AM
News / Business

SWS Group to Sell 4.1 Million Shares of Stock

Finance World News Update by EQUITIES Magazine

SWS Group Inc. announced today the commencement of a public offering of 4.1 million shares of common stock.

 

The investment and financial services company said that the underwriters will be given a 30-day option to buy up to an additional 615,000 shares if demand exceeds initial supply.

 

The company plans to employ the net proceeds for general corporate purposes as well as to support continued growth or potential acquisitions.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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