Cleary Gottlieb represented BofA Merrill Lynch as the representative underwriter of 5,000,001 shares of common stock of SWS Group, Inc., including 652,174 additional shares of common stock sold pursuant to the underwriters’ over-allotment option. The transaction priced on December 4 and closed on December 9, and the over-allotment closed on December 16.
SWS Group, Inc. is a Dallas-based company offering a broad range of investment and financial services through its subsidiaries. Its subsidiaries include Southwest Securities, Inc., a national clearing firm, registered investment advisor and registered broker-dealer; SWS Financial Services, Inc., a registered investment adviser and a registered broker-dealer serving independent securities brokers and their clients; and Southwest Securities, FSB, one of the largest banks headquartered in the Dallas-Fort Worth metropolitan area.