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

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)
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