Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 72

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 72
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 stock is lower at the time of the closing of the mergers, the economic value of the per share merger consideration to be received by Bremer’s shareholders in exchange for their shares of Bremer common stock will also be lower;

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the possibility that the mergers and the related integration process could result in the loss of key employees, in the disruption of Bremer’s ongoing business and in the loss of customers for the combined company;

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the fact that there can be no assurance that all conditions to the parties’ obligations to complete the mergers will be satisfied, including the risk that certain regulatory approvals, the receipt of which is a condition to the consummation of the mergers, might not be obtained, and, as a result, that the mergers might not be consummated or may be subject to delay;

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the fact that Bremer’s officers and employees would have to focus on actions required to complete the mergers, which would divert their attention from Bremer’s day-to-day business, and that Bremer will incur substantial transaction costs even if the mergers are not consummated;

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the risk that potential benefits sought in the mergers might not be realized or might not be realized within the expected time period, and the risks associated with the integration of the two companies;

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the restrictions on the conduct of Bremer’s business prior to the completion of the mergers, which are customary for merger agreements involving financial institutions;

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the fact that the merger agreement includes certain provisions that prohibit Bremer from soliciting alternative transactions and from taking certain actions in response to unsolicited proposals for alternative transactions;

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Bremer’s obligation to pay Old National a termination fee of $55 million in certain circumstances and discussed further under the section titled “The Merger Agreement—Termination Fee”; and

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the interests of certain of Bremer’s directors and executive officers in the mergers that are different from or in addition to those of Bremer shareholders generally, as more fully described under the section titled “— Interests of Bremer’s Directors and Executive Officers in the Mergers.”

**In reaching its conclusion, the Bremer board of directors did not find it practical to assign, and did not assign, any relative or specific weight to the different factors that were considered, and individual members of the Bremer board of directors may have given different weight to different factors. The Bremer board of directors considered all of the information and factors presented, including the potential risks,