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SWS Turns Down $200M Sterne Agee Bid
SWS Group has rejected a $200 million takeover bid by Sterne Agee & Leach.
SWS Grouphas rejected a $200 million takeover bid bySterne Agee & Leach,The Wall Street Journalreports. SWS has declined the offer as it undervalues the company’s potential.
Sterne Agee had offered $6.25 per share in cash for SWS, addsReuters. SWS owns a bank and two broker-dealers.
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