Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 36

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 36
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 step merger will affect the value that Bremer shareholders will receive in the mergers. Neither Old National nor Bremer is permitted to terminate the merger agreement as a result of any increase or decrease in the market price of Old National common stock.

Stock price changes may result from a variety of factors, including general market and economic conditions, changes in Old National’s or Bremer’s respective businesses, operations, financial performance or prospects, volatility in the prices of securities in global financial markets, including market prices of Old National and other banking companies, regulatory considerations and tax laws, many of which are beyond Old National’s and Bremer’s control. Therefore, at the time of the Bremer special meeting, Bremer shareholders will not know the market value of the consideration that Bremer shareholders will receive at the effective time

The market price of Old National common stock after the mergers may be affected by factors different from those currently affecting the shares of Old National common stock.

Upon consummation of the mergers, Bremer shareholders will become Old National shareholders. Old National’s business currently differs, and may differ in the future, in certain respects from that of Bremer and certain adjustments may be made to Old National’s business as a result of the mergers. Accordingly, the results of operations of the combined company and the market price of Old National common stock after the completion of the mergers may be affected by factors different from those currently affecting the results of operations of Old National. For a discussion of the business of Old National and of certain factors to consider in connection with that business, see the documents incorporated by reference in this proxy statement/ prospectus and referred to under “Where You Can Find More Information” beginning on page 104.

There has been no public market for Bremer common stock and the lack of a public market may make it more difficult to determine the fair value of Bremer common stock than if there were such a public market.

The outstanding shares of Bremer common stock are privately held and are not traded on any public market. The lack of a public market may make it more difficult to determine the fair value of Bremer than if the outstanding shares of Bremer common stock were traded publicly. The consideration to be paid to Bremer shareholders in the mergers was determined based on negotiations between the parties and likewise may not be indicative of the price at which the outstanding shares of Bremer common stock may have traded on a public market. Prior to approving the merger agreement, the Bremer board of directors received an opinion of J.P. Morgan to