Company: FITBI
Filing Date: 2025-11-05
Form Type: S-4
Source: 0001193125-25-267273
Chunk: 122

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-05
Form: S-4
Chunk 122
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 achieve as a result of the mergers would be realized;                                                                          |

84

| • |     | the availability of alternative transactions, including that no institution, other than Fifth Third, submitted a                                                                                                                                        
 proposal regarding a potential acquisition or strategic business combination to Comerica as attractive as the proposal submitted by Fifth Third, as well as the attractiveness and strategic fit of Fifth Third as a potential merger partner, the      
 likelihood of an actionable alternative transaction emerging on terms and conditions, including with respect to certainty of consummation, as beneficial to Comerica and its stockholders as those proposed by Fifth Third, and the terms of the merger 
 agreement that give Comerica the right, subject to certain conditions, to provide nonpublic information in response to, and to discuss and negotiate, certain bona fide unsolicited acquisition proposals made before Comerica’s stockholders adopt     
 the merger agreement;                                                                                                                                                                                                                                   |

| • |     | the evaluation of the Comerica board of directors, with the assistance of management and Comerica’s                                                                                                                                                    
 financial and legal advisors, of Comerica’s stand-alone plan and other strategic alternatives available to Comerica for enhancing value over the long term and the potential risks, rewards and uncertainties associated with Comerica’s               
 stand-alone plan and such other alternatives, and the belief of the Comerica board of directors that the proposed mergers offered greater benefits, with reduced risks, as compared to the value that could reasonably be expected to be obtained from 
 Comerica’s stand-alone plan and other alternatives available to Comerica;                                                                                                                                                                              |

| • |     | Comerica’s due diligence examination of the operations, financial condition and prospects of Fifth Third; |

| • |     | the fact that the combined enterprise would continue Comerica’s long-standing support of Michigan and Texas         
 communities following completion of the mergers and expand its commitment to communities in California and Arizona; |

| • |     | the regulatory and other approvals required in connection with the mergers and the bank mergers and the   
 expectation that such approvals would be received in a timely manner and without unacceptable conditions; |

| • |     | the Comerica board of directors’ review with Comerica’s outside legal advisor, Wachtell Lipton, of                                                                            
 the terms of the merger agreement, including the representations and warranties, covenants, deal protection and termination provisions, tax treatment and closing conditions; |

| • |     | the caliber of Fifth Third’s executive management team and board