SAN DIEGO, Aug. 22, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of Bear State Financial, Inc. (NASDAQ: BSF) ("Bear State") breached their fiduciary duties in connection with the proposed sale of the Company to Arvest Bank. Bear State provides various financial products to individuals and business customers.
On August 22, 2017, Bear State announced that it had signed a definitive merger agreement with Arvest Bank. Terms of the deal call for shareholders to receive $10.28 per share for each share of Bear State stock they own.
The investigation concerns whether the Bear State board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Bear State shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially given that the price target for one Wall Street analyst is $20.43 per share.
If you are a shareholder of Bear State and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
SOURCE Johnson & Weaver, LLP