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HTH - Why Shares of Hilltop Holdings Are Surging Today
Hilltop Holdings Inc.
Shares of Dallas-based bank Hilltop Holdings (NYSE: HTH) had shot up roughly 17.7% at 10:18 a.m. ET today after the company announced a modified Dutch auction tender offer to repurchase shares.
In the offering, Hilltop plans to purchase up to $400 million of common stock at a price between $28 and $32 per share. On Friday, April 29, Hilltop's stock closed at $25.49.