September 1, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Bear State Financial Inc (NASDAQ:BSF), was announced concerning whether the takeover of Bear State Financial Inc. by Arvest Bank for $10.28 per share is unfair to NASDAQ:BSF stockholders.

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.