Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 215

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 215
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 transaction is approved by the affirmative vote of the holders of shares representing at least two-thirds of the voting power of the corporation in the election of directors and by the holders of shares representing at least a majority of voting shares that are not beneficially owned by an interested 
 stockholder or an affiliate or associate of an interested stockholder; or                                                                                                                                                                                                                                         |

| • |     | the transaction meets certain statutory tests designed to ensure that it is economically fair to all 
 stockholders.                                                                                        |

Tender Offer Procedures Under the Ohio General Corporation Law The OGCL provides that an offeror may not make a tender offer that would result in the offeror beneficially owning more than 10% of any class of the corporation’s equity securities without first filing certain information 143

with the Ohio Division of Securities and providing such information to the corporation and stockholders within Ohio. The Ohio Division of Securities may suspend the continuation of the tender offer if it determines that the offeror’s filed information does not provide full disclosure to the offerees of all material information concerning the tender offer. The statute also provides that an offeror may not acquire any equity security of the corporation within two years of the offeror’s previous acquisition of any equity security of the corporation pursuant to a tender offer unless the Ohio stockholders may sell such security to the offeror on substantially the same terms as the previous tender offer. The statute does not apply to a transaction if either the offeror or the target corporation is a savings and loan or bank holding company and the proposed transaction requires federal regulatory approval. Dissenter’s Rights Under the Ohio General Corporation Law Under the OGCL, stockholders have the right to dissent from certain corporate actions and receive the fair cash value for their shares if they follow certain procedures. Stockholders entitled to relief as dissenting stockholders under Ohio law include stockholders:

| • |     | dissenting from certain amendments to the corporation’s articles of incorporation; |

| • |     | of a corporation where all or substantially all of the assets of the corporation are being leased, sold, 
 exchanged, transferred or otherwise disposed of outside of the ordinary course of its business;          |

| • |     | of a corporation that is being merged or consolidated into a surviving or new entity; |

| • |     | of a surviving corporation in a merger who are entitled to vote on the adoption of an agreement of merger (but 
 only as to the shares so entitling them to vote);                                                              |

| • |     | other than the parent corporation, of an