Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 120

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 120
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 considering making, an acquisition proposal, of the existence of these provisions of the merger agreement. However, prior to the approval of the merger agreement by the Bremer shareholders, if Bremer receives an unsolicited bona fide written acquisition proposal that did result from or arise in connection with a breach of the restrictions on acquisition proposals set forth above, Bremer may, and may permit its subsidiaries and its and its subsidiaries’ representatives to, furnish or cause to be furnished confidential or nonpublic information or data and participate in such negotiations or discussions if the Bremer board of directors concludes in good faith (after receiving the advice of its outside counsel, and with respect to financial matters, its financial advisors) that failure to take such actions would be more likely than not to result in a violation of its fiduciary duties under applicable law; provided, further, that, prior to providing any confidential or nonpublic information, Bremer enters into a confidentiality agreement with such third party making such acquisition proposals on terms no less favorable to it than the confidentiality agreement between Bremer and Old National, and which confidentiality agreement must not provide such person with any exclusive right to negotiate with Bremer.

For purposes of the merger agreement, an “acquisition proposal” means other than the transactions contemplated by the merger agreement, any offer, proposal or inquiry relating to, or any third party indication of interest in, (i) any acquisition or purchase, direct or indirect, of 25% or more of the consolidated assets of Bremer and its subsidiaries or 25% or more of any class of equity or voting or nonvoting securities of Bremer or its subsidiaries whose assets, individually or in the aggregate, constitute 25% or more of the consolidated assets of Bremer, (ii) any tender offer (including a self-tender offer) or exchange offer that, if consummated, would result in such third party beneficially owning 25% or more of any class of equity or voting or nonvoting securities of Bremer or its subsidiaries whose assets, individually or in the aggregate, constitute 25% or more of the consolidated assets of Bremer, or (iii) a merger, consolidation, share exchange, business combination, reorganization, recapitalization, liquidation, dissolution or other similar transaction involving Bremer or its subsidiaries whose assets, individually or in the aggregate, constitute 25% or more of the consolidated assets of Bremer.

Bremer has agreed to promptly (within 24 hours) advise Old National following receipt of any acquisition proposal or any inquiry