The company’s shares are traded on the NYSE

Davis Polk advised the dealer manager in connection with a modified “Dutch Auction” cash tender offer by Hilltop Holdings Inc. (HTH) to purchase for cash up to $400 million of its common stock at a price per share not less than $28.00 and not greater than $32.00, less any applicable withholding taxes and without interest, using available cash on hand. Hilltop accepted for payment an aggregate of 14,868,469 shares at a purchase price of $29.75 per share.

Hilltop Holdings is a Dallas-based financial holding company. Its primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank. PlainsCapital Bank’s wholly owned subsidiary, PrimeLending, provides residential mortgage lending throughout the United States. Hilltop Holdings’ broker-dealer subsidiaries, Hilltop Securities Inc. and Momentum Independent Network Inc., provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory.

The Davis Polk corporate team included partner Marcel Fausten and associate Rahul K. Patel. The tax team included partner Po Sit and associates Liang Zhang and Ben Silver. All members of the Davis Polk team are based in the New York office.

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