MILWAUKEE, Aug. 22, 2017 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating the Board of Directors of
Arvest Bank (Nasdaq: BSF) for
possible breaches of fiduciary duty and other violations of
Arkansas law in connection with
the sale of Bear State to Arvest.
Click here to learn how to join the action:
http://ademilaw.com/case/bear-state or call Guri Ademi toll-free at 866-264-3995. There is
no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Bear State's long-term
financial outlook is improving and yet Bear State shareholders will
receive $10.28 per Bear State common
share or approximately $391 million
in the aggregate. Arvest is well aware of Bear State's improving
financial metrics and is purchasing Bear State at a substantial
discount. The merger agreement unreasonably limits competing bids
for Bear State by (i) prohibiting solicitation of any further bids,
and (ii) imposing a termination penalty should Bear State receive
and accept a superior bid. Bear State insiders, their affiliates
and other major shareholders own significant voting stock, and will
receive millions of dollars as part of change of control
arrangements, and therefore can unduly influence a sale of Bear
State. Our investigation centers on the conduct of Bear State's
Board of Directors, who have unanimously approved the transaction,
and whether they are (i) fulfilling their fiduciary duties to all
shareholders, and (ii) obtaining a fair and reasonable price for
Bear State given its current financial condition and prospects.
If you own common stock in Bear State and wish to obtain
additional information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/bear-state .
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP