SWS Group (SWS +2.2%) rejects Sterne Agee's unsolicited $6.25/share takeover offer as it...

|About: SWS Group, Inc. (SWS)|By:, SA News Editor

SWS Group (SWS +2.2%) rejects Sterne Agee's unsolicited $6.25/share takeover offer as it "substantially undervalues" the company, and the "highly conditional proposal" fails to address important regulatory requirements and financial commitments. Shares had surged 24% yesterday on news of the offer. (PR)