Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 131

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 131
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 event Bremer is engaging in discussions or negotiations with a person making an acquisition

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proposal in accordance with the merger agreement with respect to such acquisition proposal, each such shareholder (and in the case of the trustee voting agreement, the trustees) and such shareholder’s (or such trustees’) agents and representatives will be entitled to engage in any discussions or negotiations that Bremer is permitted to engage in pursuant to the merger agreement with respect to such acquisition proposal.

Each such shareholder also agrees to waive and not to exercise or perfect any rights of appraisal or rights to dissent from the first step merger that such shareholders may have with respect to such shareholder’s shares of Bremer common stock under applicable law, to the extent permitted by applicable law.

#### Termination
Each shareholder voting agreement will terminate upon the earliest to occur of (i) the termination of the merger agreement in accordance with its terms, (ii) the Bremer board of directors making a recommendation change in accordance with the terms of the merger agreement, (iii) the entry into any amendment, modification, waiver or other change to any provision of the merger agreement without the shareholder’s (and, in the case of the trustee voting agreement, the trustees’) prior written consent that (a) diminishes the amount or changes the form of the merger consideration, (b) extends the termination date or imposes any additional conditions or obligations that would reasonably be expected to materially impede or delay the consummation of the transactions contemplated by the merger agreement, or (c) otherwise would reasonably expected to adversely affect the rights or obligations of the shareholder (and in the case of the trustee voting agreement, the trustees) in connection with the transactions contemplated by the merger agreement and (iv) the effective time of the mergers.

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### ACCOUNTING TREATMENT
The mergers will be accounted for as an acquisition of Bremer by Old National under the acquisition method of accounting in accordance with U.S. GAAP for financial reporting and accounting purposes. After the mergers, the results of operations of Bremer will be included in the consolidated financial statements of Old National. The merger consideration will be allocated based on the fair values of the assets acquired and the liabilities assumed. Any excess of merger consideration over fair value of the net tangible and identified intangible assets of Old National acquired will be recorded as goodwill. Any identified intangible asset may be amortized by charges to operations under U.S. GA