Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 23

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 23
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ers — Bremer’s Reasons for the Mergers; Recommendation of The Bremer Board of Directors.” Opinion of Bremer’s Financial Advisor (page 44) Bremer retained J.P. Morgan Securities LLC (“J.P. Morgan”) to act as its financial advisor in connection with the mergers. At the meeting of Bremer’s board of directors on November 24, 2024, J.P. Morgan rendered its oral opinion to the Bremer board of directors, which was subsequently confirmed in writing on November 24, 2024, to the effect that, as of such date and based upon and subject to the factors and assumptions made, procedures followed, matters considered, and limitations and qualifications set forth in its opinion, the merger consideration to be paid to the holders of Bremer common stock in the first step merger was fair, from a financial point of view, to such holders (collectively, the “Bremer shareholders”). The full text of the written opinion of J.P. Morgan, dated November 24, 2024, which sets forth, among other things, the assumptions made, procedures followed, matters considered and qualifications and limits on the review undertaken by J.P. Morgan in rendering its fairness opinion, is attached as Annex D to this proxy statement/prospectus and is incorporated herein by reference. The summary of the opinion of J.P. Morgan set forth in this proxy statement/prospectus is qualified in its entirety by reference to the full text of such opinion. Bremer shareholders are urged to read the opinion in its entirety. J.P. Morgan’s written opinion was addressed to the Bremer board of directors (in its capacity as such) in connection with and only for the purposes of its evaluation of the merger consideration to be paid to the Bremer shareholders and did not address any other aspect of the mergers. The issuance of J.P. Morgan’s opinion was approved by a fairness committee of J.P. Morgan. The opinion does not constitute a recommendation to any Bremer shareholder as to how such Bremer shareholder should vote with respect to the proposed mergers or any other matter. For more information, see the section entitled “Opinion of Bremer’s Financial Advisor” beginning on page [•] and Annex D to this joint proxy statement/prospectus. Bremer Will Hold Its Special Meeting on [ ], 2025 (page 31) The special meeting will be held virtually via the Internet on [ ], 2025, at [ ] Central Time. At the special meeting, Bremer shareholders will