Join The Discussion

 

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

read more >

Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

read more >

20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

read more >

Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

read more >

Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

read more >

Hilltop Holdings buying rest of SWS Group

DALLAS (AP) — Hilltop Holdings Inc. of Dallas is buying the rest of SWS Group that it doesn't already own in a deal that values the regional bank and financial services provider at about $260.8 million.

Hilltop Holdings, a financial holding company, already owns a 24 percent interest in SWS Group's common stock.

The boards of both Dallas-based companies unanimously approved the deal announced Tuesday. It still requires approval by SWS shareholders and regulators. The SWS acquisition is targeted to close before year's end.

Under terms of the deal, SWS Group Inc. shareholders will receive 0.2496 shares of Hilltop common stock and $1.94 of cash. This equals $7.88 per share based on Hilltop's Monday closing price.

In January, Hilltop had offered $7 per share for SWS.

Hilltop owns PlainsCapital Corp., a bank franchise based in Texas. Hilltop also owns National Lloyds Corp., which provides property and casualty insurance through two insurance companies, National Lloyds Insurance Co. and American Summit Insurance Co.

SWS shares climbed 41 cents, or 5.5 percent, to $7.89 in premarket trading Tuesday. Hilltop shares closed at $23.79 on Monday.

 

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?