An investigation on behalf of investors of Bear State Financial Inc (NASDAQ:BSF) in connection with the proposed takeover was announced and NASDAQ:BSF stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/28/2017 -- An investigation was announced for investors, who currently hold shares of Bear State Financial Inc (NASDAQ:BSF), was announced concerning whether the buyout of Bear State Financial Inc. by Arvest Bank for $10.28 per share is unfair.
Investors who purchased shares of Bear State Financial Inc (NASDAQ:BSF) and currently hold any of those NASDAQ:BSF shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of Bear State Financial Inc (NASDAQ:BSF) breached their fiduciary duties owed to NASDAQ:BSF investors in connection with the proposed acquisition.
On August 22, 2017 Bear State Financial Inc (NASDAQ:BSF), parent company of Bear State Bank, and Arvest Bank jointly announced the signing of an agreement for Arvest Bank to acquire Bear State Financial Inc (NASDAQ:BSF) in an all-cash transaction valued at approximately $391 million, or $10.28 per share of Bear State common stock.
However, given that at least one analyst has set the high price target for NASDAQ:BSF shares at $20.43 per share, the investigation concerns whether the offer is unfair to NASDAQ:BSF stockholders. More specifically, the investigation concerns whether the Bear State Financial Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Bear State Financial Inc (NASDAQ:BSF) closed on August 25, 2017 at $10.27 per share.
Those who are current investors in Bear State Financial Inc (NASDAQ:BSF) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com